EUR/CHF reversed from support area

EUR/CHF reversed from support area

  • 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)).

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