GBP/NZD reversed from resistance zone Next sell target - 1…
EUR/CHF reached buy target 1.1500
- EUR/CHF reached buy target 1.1500
- Next buy target - 1.1600
EUR/CHF continues to rise inside the minor impulse wave 5, which belongs to the weekly upward impulse wave (3) from the middle of 2016. The price earlier broke the resistance trendline of the wide daily up channel from 2015 – which strengthened the bullish pressure on this currency pair – leading to the latest breakout of the resistance level 1.1500 (which was set as the buy target in our previous forecast for this currency pair). EUR/CHF is expected to rise to the next buy target at the next resistance level 1.1600.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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CHF/JPY broke powerful resistance level 115…