– EURCHF broke key support level 0.9565
– Likely to fall to support level 0.9450
EURCHF recently broke below the key support level 0.9565, which stopped wave B in April, as can be seen from the daily EURCHF chart below.
The breakout of the support level 0.9565 coincided with the breakout of the 50% Fibonacci correction of the previous upward impulse from December.
Given the strongly bullish Swiss franc sentiment seen across the FX markets today, EURCHF can be expected to fall further to the next support level 0.9450, target for the completion of the active correction (B).
- GBPCHF reversed from support level 1.1220 - Likely to rise to resistance level 1.1450…
- USDCAD reversed from key support level 1.3620 - Likely to rise to resistance level…
Shares of Nvidia, the world's most traded, most popular, and most valuable company, have been…
Market Picture The cryptocurrency market was falling to a total capitalisation of $2.2 trillion at…
- Amazon reversed from key resistance level 188.50 - Likely to fall to support level…
- EURJPY approaching strong resistance level 171.55 - Likely to correct down from 171.55 EURJPY…
This website uses cookies