• EURCHF reversed from pivotal support level 1.0740
• Likely to rise to 1.0785
EURCHF today reversed up from the pivotal support level 1.0740 (former resistance from October and the monthly low from December) standing well below the lower daily Bollinger Band.
The support level 1.0740 coincided with the 61.8% Fibonacci correction of the upward price impulse from the November – which strengthened this price level.
EURCHF is expected to rise further toward the next resistance level 1.0785 (former resistance from the start of January).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies