EURCHF Wave Analysis – 15 July, 2020
July 15, 2020 @ 17:18 +03:00
• EURCHF broke resistance area
• Likely to rise to 1.0850
EURCHF today broke the resistance area located between the key resistance level 1.0765 (top of the (b)-wave from the middle of June) and the 50% Fibonacci retracement of the previous downward impulse (1).
The breakout of this resistance area should accelerate the active medium-term corrective wave (2).
EURCHF is likely to rise further toward the next resistance level 1.0850 (likely price for the completion of the active wave (2)).