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 resistance zone
- NZD/CHF broke resistance zone
- Next buy target - 0.7130
NZD/CHF continues to rise inside the intermediate impulse wave (3) , which previously broke through the resistance zone lying between the pivotal resistance level 0.7010 (which reversed the previous minor corrective wave (b) in the middle of October) and 50% Fibonacci correction of the previous intermediate impulse wave (C) from the end of July. The breakout of this resistance zone accelerated the active impulse wave (3). NZD/CHF is expected to rise to the next buy target at the next resistance level 0.7130 (monthly high from September).
Dmitry Chernovolov
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