Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/CHF broke resistance level 1.1610
2019-11-11 • Updated
- EUR/CHF broke resistance level 1.1610
- Next buy target - 1.1730
EUR/CHF today broke above the strong resistance level 1.1610 (which stopped the previous minor impulse wave (i) in September, as can be seen from the EUR/CHF chart below). The breakout of the resistance level 1.1610 continues active minor impulse wave 3 – which is a part to the intermediate impulse wave (3) from the end of June. EUR/CHF is expected to rise to the next buy target at the next resistance level 1.1730 (forecast price for the completion of the active impulse wave (3)).
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