EUR/CHF broke key resistance level 1.0900

EUR/CHF broke key resistance level 1.0900

  • EUR/CHF broke key resistance level 1.0900
  • Next buy target - 1.0976

EUR/CHF has been rising sharply in the last few trading sessions inside the minor impulse wave (iii) – which started earlier from the support level (former strong resistance level from March, acting as support fare it was broken previously). The pair today broke above the key resistance level 1.0900 (top of the earlier sharp B-wave from December). 

If the pair closes today above resistance level 1.0900 - EUR/CHF can then be expected to rise to the next buy target at the next resistance level 1.0975 (former strong resistance from September and the target price calculated for the completion of the active impulse wave 3).


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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