EUR/USD: 34 Moving Average acted as resistance
It's likely that the price is going to test the lower 'Window' (1.1107), which acted as support a few days ago...
USD/CHF reached buy target 1.0100
- 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).
Dmitry Chernovolov
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