FxPro - Analytics

FxPro

761.75 6.25/10
89% of positive reviews
Real

USDCHF Wave Analysis 10 December, 2020

USDCHF Wave Analysis 10 December, 2020

• USDCHF broke support level 0.8900

• Likely to fall to 0.8800

USDCHF recently broke through the support area lying at the intersection of the key support level 0.8900 and the support trendline of the wide weekly down channel from 2019.

The breakout of this support area accelerated the active minor downward impulse wave (iii) – which belongs to the higher order impulse waves 3 and (3). 

USDCHF  is expected to fall further toward the next support level 0.8800 (target price for the completion of the active minor impulse wave (iii)).

USDCHF Wave Analysis 10 December, 2020


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