USD/CHF broke support zone

USD/CHF broke support zone

  • USD/CHF broke support zone
  • Next sell target - 0.9670

USD/CHF continues to fall after the earlier breakout of the support zone lying at the intersection of the support level 0.9750 (sell target set in our earlier forecast for this currency pair) and the support trendline of the wide daily down channel from the start of March. The breakout of this support zone accelerated the active impulse wave 3.

USD/CHF is expected to fall to the next sell target at the support level 0.9670 (target price calculate for the completion of the active impulse wave 3).




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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