EUR/CHF rising inside minor impulse wave 5

EUR/CHF rising inside minor impulse wave 5

  • EUR/CHF rising inside minor impulse wave 5
  • Next buy target - 1.0970

EUR/CHF continues to rise inside the minor impulse wave 5, which started earlier from the support area lying between the key support level 1.8200 (previous sell target), lower daily Bollinger Band and the 50% Fibonacci correction of the upward price impulse 3 from April. The price earlier broke above the resistance level 1.0900 – which strengthened the bullish pressure on this currency pair. EUR/CHF is expected to rise to the next buy target at the next resistance level 1.0970 (which stopped previous impulse 3).


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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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