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 reached buy target 0.6800
- NZD/CHF reached buy target 0.6800
- Next buy target - 0.6850
NZD/CHF continues to rise inside the minor corrective wave which started previously – when the pair reversed up with the daily Japanese candlesticks reversal pattern Bullish Engulfing from the support area lying between the key support level 0.6730 and the lower daily Bollinger Band. Having recently broken above the resistance level 0.6800 (previous buy target) - NZD/CHF is expected to rise toward the next buy target at the next NZD/CHF level 0.6850.
Dmitry Chernovolov
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