EUR/CHF broke key resistance level 1.1610

EUR/CHF broke key resistance level 1.1610

  • EUR/CHF broke key resistance level 1.1610
  • Next buy target - 1.1750

EUR/CHF continues to rise after the earlier breakout of the key resistance level 1.1610 (top of the previous minor correction B and the former strong support level from November and December). The breakout of the resistance level 1.1610 accelerated the active C-wave of the intermediate ABC correction (B) from February.  EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1750 – followed by 1.1800.

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