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...
CAD/CHF falling inside minor impulse wave (iii)
- CAD/CHF falling inside minor impulse wave (iii)
- Next sell target - 0.7330
CAD/CHF continues to fall inside the minor impulse wave (iii), which belongs to the impulse wave 3 from the middle of February. The active impulse wave (iii) started when the pair reversed down from resistance zone lying between the resistance level 1.7600, 61.8% Fibonacci correction of the downward impulse (i) from February and the upper daily Bollinger Band.
CAD/CHF is expected to fall further to the next sell target at the support level 0.7330 (low of the previous minor impulse wave (i) and the target price for the completion of the active impulse wave (iii)).
Dmitry Chernovolov
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