EUR/CHF rising inside minor impulse wave (iii)

EUR/CHF rising inside minor impulse wave (iii)

  • EUR/CHF rising inside minor impulse wave (iii)
  • Next buy target - 1.1720

EUR/CHF continues to rise inside the minor impulse wave (iii) – which started earlier from the support area lying at the intersection of the support trendline of the daily up channel from the middle of August and the 38.2% Fibonacci correction of the previous upward impulse from September. The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. EUR/CHF is expected to rise toward the next buy target at the next resistance level 1.1720.

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