EUR/USD: bullish 'High Wave' and 'Harami'
We should keep watching the next resistance at 1.1776 as an intraday target...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart. The 50 SMA is also helping to guide further declines in the pair, but we’re now expecting a strong support to be found in the 0.9700 level. Such level should help to activate take profit orders that would allow a corrective move towards the 50% Fibo level at 0.9807. If the pair manages to pull back around that area, the next target should be the -23.6% zone at 0.9648.
RSI indicator remains strong in the oversold territory.
Felipe Erazo
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GBP/USD: confirmed "Thorn" pattern
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USD/CHF: time to correct?
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