EUR/CHF rising inside impulse waves 5 and (3)

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.

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