EURCHF recently reversed up from the strong support area lying between the long-term support level 1.0620 (which has been reversing the price from the middle of May) and the lower weekly Bollinger Band.
The upward reversal from this from the support area started the active weekly medium-term correction (ii).
Given the oversold reading on the weekly Stochastic indicator – EURCHF is likely to rise further toward the next resistance level 1,0800 (former strong support from last year).
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- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
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