Monday, 23 September 2019 09:10 GMT
img

EURCHF Wave Analysis 09 September, 2019




(MENAFN - FxPro)


  • EURCHF broke resistance area

  • Further gains are likely

EURCHF recently broke through the resistance area lying between the resistance level 1.0915 (top boundary of the sideways price range from last month) and the 38.2% Fibonacci correction of the previous downward impulse from July.

The breakout of this resistance area continues the active short-term impulse wave (c) of the ABC correction (iv) from August.

EURCHF is expected to rise further and retest the next resistance level 1.0980 (former support from July and the target price for the completion of the active impulse wave (c)).


MENAFN1109201901560000ID1098990104


EURCHF Wave Analysis 09 September, 2019

Authors_Square_PromoteArticle_Ink2019

  Most popular stories  

Day | Week | Month