EUR/CHF rising inside intermediate impulse wave (iii)

EUR/CHF rising inside intermediate impulse wave (iii)

  • EUR/CHF rising inside intermediate impulse wave (iii)
  • Next buy target - 1.1800

EUR/CHF continues to rise inside the minor impulse wave (iii) which recently broke through the strong resistance level 1.1700 (which has been reversing the price from the end of October, as can be seen from the daily EUR/CHF chart below). The breakout of the resistance level 1.1700 accelerated the active impulse waves (iii) and 5. EUR/CHF is expected to rise toward the next buy target at the next resistance level 1.1800.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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