EURCHF ENTER LONG - Weekly analysis, prices and dates forecasts

Looking at the bearish descending channel /triangle ( wedge pattern with lower lower lows and lower highs) that has been forming for weeks now, a breakout of this wedge pattern is inevitabel; (1)it is a descending triaangle, basic BTMM, breakout is likely to occur in the upward direction, creating a new high nearly , or a little higher or little lesser than the previous initial high of the formed widge pattern. (2)Also, the 200EMA (home EMA ) is likely to need the trend to get back home as it is getting too far from home. (3) The trend is at a confluence area of multi months major support zone and multi year ascending channel support line (higher low), a major pull back is likely necessary in order for gaining enough momentum required to breakdown this kind of confluence area support(s), looking at the current falling/ bearish trend , it is loosing momentum necessary for such implusive move. It might require re-collection before to performe the actually action. This type of momentum might be required from a heavy pull bach to the home 200 EMA before the happen of breakdown of 1.0600 area around.