EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF reversed from support area
2019-11-11 • Updated
- EUR/CHF reversed from support area
- Next buy target - 1.1700
EUR/CHF recently reversed up from the support area lying between the strong support level 1.1560 (former key resistance level from the middle of October, acting as support after it was broken by the previous impulse wave (iii)), support trendline of the daily up channel from August and the 50% Fibonacci correction of the previous minor upward impulse (iii). EUR/CHF is expected to rise toward the next buy target at the next resistance level 1.1700 (top of the impulse wave (iii)).
Crash of LUNA ecosystem and halving cycles. Glimpse into the future of the crypto market with FBS experts!
Last week blew traders' minds! The US dollar dropped for the first time in seven weeks after Jerome Powell's speech on Tuesday…
The pandemic continues hurting economic activity in China, the war in Ukraine is hitting the entire European economy, and the Fed's efforts to control inflation threaten to trigger a recession.