EURCHF Wave Analysis – 07 August, 2020
August 07, 2020 @ 17:20 +03:00
• EURCHF reversed from key resistance level 1.0835
• Likely to fall to 1,0735
EURCHF recently reversed down from the key resistance level 1.0835 (monthly high from June) – standing near the upper daily Bollinger band.
The downward reversal from the resistance level 1.0835 stopped the previous medium-term corrective wave (2).
Given the strongly bearish euro sentiment seen today – EURCHF is likely to fall further toward the next support level 1,0735 (low of the daily Hammer from the end of June).