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).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies