EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF finding strong demand around 1.1710
2019-11-11 • Updated
EUR/CHF is making a rebound above the 78.6% Fibonacci level at 1.1712, which is acting as a strong support in the short-term, according to our Fibo’s projections in the H1 chart. Such area is giving the enough momentum to the pair in order to post fresh highs in coming days. If that happens, the move could extend towards the -23.6% Fibonacci level at 1.1867.
RSI indicator remains slightly in the positive territory.
Bullish Scenario: Buys above 17910 with TP:18098.07, TP2:18277, and TP3: 18415 Bearish Scenario: Sells below 17850 with TP1:17730, TP2: 17700
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