Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF broke key resistance level 1.1610
2019-11-11 • Updated
- 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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