Weekly Timeframe analysis on the EURCHF currency pair

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.