Will the CHF bounce back down from the resistance?
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
EUR/GBP: 'V-Bottom' pushing market higher
The pair has been rising since the last 'V-Bottom' pattern was formed. Also, all the Moving Averages have been broken. In this case, we should watch the previously tested resistance at 0.8697 - 0.8722 as a potential target. The subsequent pullback from this level could lead to a downward correction towards the Moving Averages.
Sergey Logachev
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After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.
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AUD/USD that has settled below the 100-day MA in the 0.6840 area. Learn more!
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