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...
USD/CHF broke above the parity
- USD/CHF broke above the parity
- Next buy target - 1.0100
USD/CHF continues to rise following the earlier breakout of the parity - which reversed the price with the daily Shooting Star Japanese candlesticks reversal pattern earlier this month – as can be seen below. If the pair closes today above the parity - USD/CHF can then be expected to rise further to the next buy target at the next resistance level 1.0100 (forecast price for the completion of the active minor impulse wave 3 from last week).
Dmitry Chernovolov
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