FxPro - Analytics

FxPro

711.25 6.25/10
89% of positive reviews
Real

EURCHF Wave Analysis – 08 April, 2019

EURCHF Wave Analysis – 08 April, 2019
  • EURCHF reversed from support area
  • Further gains are likely

EURCHF recently reversed up from the support area lying between the multi-month support level 1.1170 (which has been reversing the price from the start of November) and the lower daily Bollinger Band.

The upward reversal from this support area started the active short-term ABC correction (iv).

EURCHF is expected to rise further and re-test the next resistance level 1.1300 (former support from March and the target price for the completion of the active wave (iv)).

1554739572

Source: FxPro


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree