FxPro - Analytics

FxPro

717.75 6.25/10
90% of positive reviews
Real

EURCHF Wave Analysis – 19 April, 2019

EURCHF Wave Analysis – 19 April, 2019
  • EURCHF reversed from resistance area
  • Further losses are likely

EURCHF recently reversed down from the resistance area lying at the intersection of the key resistance level 1.1430 (which has been reversing the price from February), 50% Fibonacci correction of the downward impulse from July and the upper daily Bollinger Band.

This resistance area was further strengthened by the resistance trendline of the daily down channel from October. The downward reversal from this resistance area stopped the earlier short-term ABC correction (ii).

EURCHF is expected to fall further and re-test the next support level 1.1300.

1555686544

 

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