Google is going up. When are we to expect full recovery? This short technical analysis will give you some clues where to look at.
EUR/CHF reversed from support level 1.1250
- EUR/CHF reversed from support level 1.1250
- Next buy target - 1.1400
EUR/CHF recently reversed up sharply from the powerful support level 1.1250 (former major support level from August of 2017) – strengthened by the lower weekly Bollinger Band. The upward reversal from this support level stopped the previous intermediate impulse wave (C) from July. Given the oversold weekly Stochastic, EUR/CHF is expected to rise further toward the next buy target at the next resistance level 1.14000 (former major support from May).
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