There's a pullback from 4/8 MM Level, so the price is rising. It's likely that we're going to have bullish wave...
EUR/CHF rising inside impulse waves 5 and (3)
- EUR/CHF rising inside impulse waves 5 and (3)
- Next buy target - 1.1500
EUR/CHF has been under strong bullish pressure lately – following the earlier breakout of the two intersecting resistance trendlines belonging to the two different-length daily up channels from June and April. The breakout of these up channels was preceded by the breakout of the resistance levels 1.1100 and 1.1130. EUR/CHF can be expected to rise further in the active impulse waves 5 and (3) toward the next buy target at the next resistance level 1.1500.
The last consolidation resulted in a massive bullish rally. Finally, the price faced resistance at 1.1365, so bears are likely going to...
The 55 Moving Average has acted as a resistance, so there’re a “Shooting Star” and a “Doji”.
GBP/CHF broke pivotal resistance level 1…