EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF broke key resistance level 1.0900
2019-11-11 • Updated
- 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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The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy