EUR/CHF broke key resistance level 1.1620

EUR/CHF broke key resistance level 1.1620

  • EUR/CHF broke key resistance level 1.1620
  • Next buy target - 1.1700

 EUR/CHF recently broke through the key resistance level 1.1620 (which reversed the price multiple times at the start of June as can be seen from the daily EUR/CHF chart below). The breakout of this resistance level continues the active minor impulse wave (iii) of wave C – which belongs to ABC correction (B) from May. EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1700.


GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


Latest news

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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