What happened? It looks like the decline in EUR/CHF to 1…
USD/CHF broke daily down channel
2019-11-11 • Updated
- USD/CHF broke daily down channel
- Next buy target - 1.0000
USD/CHF recently broke the resistance trendline of the daily down channel from the start of May. The breakout of this down channel continues the active impulse wave (1), which started earlier from the support area lying between the 50% Fibonacci correction of the upward price impulse (5) from April and the lower daily Bollinger Band. USD/CHF is expected to rise further toward the next buy target at the next resistance level 1.0000.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...