EUR/USD: bullish 'Engulfing'
The price faced with resistance by the 89 MA. In this case, we should watch the lower 'Window' as...
AUD/CHF reversed from resistance area
AUD/CHF reversed from resistance area
Next sell target - 0.7420
AUD/CHF recently reversed down from the resistance area lying between the strong resistance level 0.7560 (which reversed earlier waves 3, (b), (C)), 61.8% Fibonacci correction of the previous downward impulse from January and the upper daily Bollinger Band. The downward reversal from this resistance area completed the previous medium-term correction (2). AUD/CHF is expected to fall further toward the next sell target at the next support level 0.7420.
Dmitry Chernovolov
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