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.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
Technical analysis of the USD/CAD
After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
The earnings season in the United States is still on. This means that stocks of the largest American companies will likely make big moves.