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 reversed from support area
- AUD/CHF reversed from support area
- Next buy target - 0.7380
AUD/CHF recently reversed up from the support area lying between the key support level 0.7270 (which has been reversing the price from the start of February) and the lower daily Bollinger Band. The upward reversal from the support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. AUD/CHF is expected to rise toward the next buy target at next resistance level 0.7380.
Dmitry Chernovolov
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