What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF broke daily down channel
2019-11-11 • Updated
- USD/CHF broke daily down channel
- Next buy target - 1.0000
USD/CHF recently broke the resistance trendline of the daily down channel from the start of May. The breakout of this down channel continues the active impulse wave (1), which started earlier from the support area lying between the 50% Fibonacci correction of the upward price impulse (5) from April and the lower daily Bollinger Band. USD/CHF is expected to rise further toward the next buy target at the next resistance level 1.0000.
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