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USDCHF Wave Analysis – 04 March, 2019

USDCHF Wave Analysis – 04 March, 2019
  • USDCHF reversed from resistance area
  • Further gains are likely

USDCHF recently reversed up from the support area lying between the key support level 0.9910 and the lower daily Bollinger Band.

The upward reversal from this support area completed the previous short-term ABC corrections 2 from February.

USDCHF is expected to rise further and re-test the next resistance level 1.0090 (which reversed the previous impusle3 waves (1) and 1).

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Source: FxPro


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