EUR/USD: local bullish 'Engulfing'
The market is likely going to test the next resistance at 1.1836, which could be a starting point for a bearish correction...
EUR/CHF rising inside sharp impulse wave 3
- EUR/CHF rising inside sharp impulse wave 3
- Next buy target - 1.1075
EUR/CHF continues to rise inside the sharp minor impulse wave 3, which belongs to the intermediate impulse wave (3) from the end of February. The price earlier broke above the resistance level 1.0970 (which was set as the buy target in our earlier forecast for this currency pair). The breakout of the resistance level 1.0970 led to the strengthening of the bullish pressure on this currency pair. EUR/CHF is expected to rise to the next buy target at the next resistance level 1.1075.
Dmitry Chernovolov
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