NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
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.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…