EUR/USD: 'Three Methods' pushed market lower
The price reached the 144 Moving Average, but there's no any bullish pattern so far. Thus, the price is likely going to test the next support...
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.
Dmitry Chernovolov
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