EUR/CHF broke support area

EUR/CHF broke support area

  • EUR/CHF broke support area
  • Next sell target - 1.1740

EUR/CHF recently broke through the support zone lying between the strong support level 1.1830 (former powerful resistance from January) and the 38.2% Fibonacci correction of the previous sharp upward impulse from February. The breakout of this support area accelerated the active minor impulse wave C. EUR/CHF is expected to fall further toward the next sell target at next support level 1.1740.

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