EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
AUD/CHF broke resistance area
- AUD/CHF broke resistance area
- Next buy target - 0.7710
AUD/CHF continues to rise inside the accelerated impulse wave 3, which earlier broke through the resistance area lying at the intersection of the resistance level 0.7600 (top of the previous impulse wave (i)), resistance trendline of the daily down channel from September and the 61.8% Fibonacci correction of the previous impulse wave C. AUD/CHF is expected to rise to the next buy target at the next resistance level 0.7710 (top of the previous waves B and (ii)).
Dmitry Chernovolov
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