Market Snapshots

EURCHF Wave Analysis 26 November, 2020

EURCHF Wave Analysis 26 November, 2020

• EURCHF reversed from resistance level 1.0880

• Likely to fall to 1.0785

EURCHF previously reversed down from the key resistance level 1.0880 (which has been reversing this currency pair from the start of July), standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 1.0880 created the daily Japanese candlestick reversal pattern Shooting Star.

EURCHF is likely to fall further toward the next support level 1.0785 (low of the earlier short-term correction (b) from the start of November).

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