EUR/USD: consolidation under Moving Averages
The price is going to achieve the nearest resistance at 1.1413 soon. A pullback from this level could turn out...
EUR/CHF rising inside intermediate impulse wave (5)
- EUR/CHF rising inside intermediate impulse wave (5)
- Next buy targets - 1.1480 and 1.1545
EUR/CHF has been rising in the last few trading sessions inside the intermediate impulse wave (5), which started earlier – when the pair reversed up from the key support zone lying between the support level 1.1260 (which stopped the A-wave of the previous ABC correction (4)) and the 38.2% Fibonacci retracement of the previous sharp upward impulse from June. EUR/CHF is expected to rise to next buy target at the next resistance level 1.1480 (top of wave B) – followed by the next buy target at 1.1545 (top of impulse (3)).
Dmitry Chernovolov
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