Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/CHF reversed from support area
- EUR/CHF reversed from support area
- Next buy target - 1.1450.
EUR/CHF continues to rise after the recent upward reversal from the support area lying between the major support level 1.1260 (former key support level from the middle of 2017) and the lower weekly Bollinger Band. The upward reversal from this support area stopped the previous medium-term impulse wave (C) from July. EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.1450.
Dmitry Chernovolov
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