EUR/CHF daily up channel

EUR/CHF daily up channel

  • EUR/CHF daily up channel
  • Next sell target - 1.1450

 EUR/CHF continues to fall after the recent breakout of the support trendline of the daily up channel from the end of May (which has enclosed the previous medium-term impulse wave (1)). The breakout of this up channel accelerated the active short-term impulse wave C of the medium-term ABC correction (2) from June. EUR/CHF is expected to fall further toward the next sell target at the next round support level 1.1450 (which reversed the price sharply in May).

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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