USD/CHF broke support area

USD/CHF broke support area

2019-11-11 • Updated

  • USD/CHF broke support area
  • Next sell target - 0.9710

USD/CHF today broke through the support area lying at the intersection of the support level 0.9840 (which reversed the previous intermediate impulse wave (1) with the daily Hammer, as can be seen below) and 61.8% Fibonacci correction of the previous primary ABC correction ② from the start of September. The breakout of this this support area should accelerate the active impulse wave (3). USD/CHF is expected to fall toward the next sell target at the next support level 0.9710.

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