USD/CHF reached buy target 1.0100

USD/CHF reached buy target 1.0100

2019-11-11 • Updated

  • USD/CHF reached buy target 1.0100
  • Next sell target - 0.9870

USD/CHF continues to fall sharply after the earlier downward reversal from the resistance zone located between the resistance level 1.0100 (previous buy target), upper daily Bollinger Band and the 50% Fibonacci correction level of the previous sharp downward impulse from the start of January. The downward reversal from this resistance zone continues the active impulse waves 3 and (1).

USD/CHF is expected to fall to the next sell target at the next strong support level 0.9870 (which has been steadily reversing the price form the end of January).

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