EUR/CHF reversed from support trendline

EUR/CHF reversed from support trendline

  • EUR/CHF reversed from support trendline
  • Next buy target - 1.1630

EUR/CHF today reversed up from the support trendline of the wide daily up channel from last August. The upward reversal from this support trendline continues the active minor impulse wave 1 of the intermediate impulse wave (1) from the start of February. If the pair closes near the current levels it will form the daily Morning Star. EUR/CHF is expected to rise further toward the next buy target at next resistance level 1.1630 (top of the previous (B)-wave).


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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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