EUR/CAD may get down to the bottom of the September sideways channel if bears keep pressing.
EUR/CHF falling inside wave 3
2019-11-11 • Updated
- EUR/CHF falling inside wave 3
- Next sell target - 1.1200
EUR/CHF today reversed down sharply from the pivotal resistance level 1.1350 (former powerful support level from May, which stopped the previous downward impulse wave (A), as can be seen below). The downward reversal from this resistance level accelerated the active minor impulse wave 3. EUR/CHF is expected to fall further toward the next sell target at the next support level 1.1200 (forecast price for the completion of the active impulse 3).
Asian shares crept higher on Wednesday after data showed China's economic recovery gathering steam, but a chaotic first U.S. presidential debate between President Donald Trump and Democrat Joe Biden weighed on the mood.
EUR/USD has violated the first resistance trendline area 1.1680
Should we expect further lows or it is just the short-term recovery of the Chinese currency? Let’s hear the analysts’ opinions.
Trump vs Biden. Does the USD win anything in this battle?
US final GDP for 2Q -31.4%% vs -31.7% estimate