EURCHF Wave Analysis 26 January, 2021

• EURCHF broke key resistance level 1.0785

• Likely to rise to 1.0815

EURCHF continues to rise after the pair broke the key resistance level 1.0785 (which has been reversing the pair from the start of January).

The price earlier reversed up from the key support level 1.0740 (monthly low from December) – which was strengthened by the lower daily Bollinger Band.

Given the medium strength uptrend that can be seen on the daily charts – EURCHF is expected to rise further toward the next resistance level 1.0815.