EUR/CHF reversed from support area

EUR/CHF reversed from support area

  • EUR/CHF reversed from support area
  • Next buy target - 1.1650

 EUR/CHF recently reversed up from the support area lying between the strong support level 1.1440 (which reversed earlier wave (A) at the start of February) and the lower daily Bollinger Band. The upward reversal from this support area completed the previous long-term correction ④ from January. EUR/CHF is expected to rise further in the active impulse wave ⑤ toward the next buy target at the next resistance level 1.1650 (former support from February).



EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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