EUR/CHF continues to fall after the recent reversal from the lower boundary of the resistance zone lying between the resistance levels 1.2225 and 1.2250. Both of these resistance levels stand close to the corresponding Fibonacci Correction levels of the preceding sharp intermediate impulse wave (1) from the start of January (38.2% and 50%).
The latest corrective wave (2) stopped at the top of the aforementioned resistance zone – interesting with the upper resistance trendline of the daily up channel from March. EUR/CHF is set to fall to the next sell target at 1.2150.
The post HY MARKETS News: Forex Report: EUR/CHF appeared first on | HY Markets Official blog.
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