EUR/CHF reversed from support trendline

Read the article on FBS website
  • EUR/CHF reversed from support trendline
  • Next buy target - 1.1630

EUR/CHF today reversed up from the support trendline of the wide daily up channel from last August. The upward reversal from this support trendline continues the active minor impulse wave 1 of the intermediate impulse wave (1) from the start of February. If the pair closes near the current levels it will form the daily Morning Star. EUR/CHF is expected to rise further toward the next buy target at next resistance level 1.1630 (top of the previous (B)-wave).

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.