EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
CHF/JPY falling minor impulse wave 1
- CHF/JPY falling minor impulse wave 1
- Next sell target - 115.00
CHF/JPY continues to fall inside the minor impulse wave 1, which belongs to the intermediate impulse wave (C) from the start of February. The price earlier reversed down sharply from the powerful resistance zone lying between the major resistance level 118.50 (which also reversed the previous sharp uptrend in the middle of July) and the upper daily Bollinger Band. CHF/JPY is expected to fall further toward the next sell target at the next support level 115.00 (target price for the completion of the active impulse wave 1).
Dmitry Chernovolov
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