EUR/USD: bearish 'Engulfing' pattern
The market is likely going to test the nearest support at 1.1730. If a pullback from this level forms next, bulls will probably try to...
NZD/CHF broke key support level 0.6970
- NZD/CHF broke key support level 0.6970
- Next sell target - 0.6750
NZD/CHF continues to fall after the earlier breakout of the key support level 0.6970, which reversed the previous waves (a), B and 1, as can be seen from the daily NZD/CHF chart below. The breakout of this support level should accelerate the active minor impulse wave 3 – which belongs to the intermediate wave (C) from the end of July. NZD/CHF is expected to fall to next sell target at the next support level 0.6750 (low of the previous wave (A) from May).
Dmitry Chernovolov
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