Market Snapshots

EURCHF Wave Analysis – 28 May, 2020

EURCHF Wave Analysis – 28 May, 2020

• EURCHF broke key resistance level 1.0645

• Likely to rise to 1.0725

EURCHF continues to rise strongly after the earlier breakout of the key resistance level 1.0645 (which has been reversing the price from the start of March, as can be seen below).

The breakout of the resistance level 1.0645 accelerated the c-wave of the active ABC correction 4.

EURCHF is likely to rise further toward the next resistance level 1.0725 (monthly high from February and the target for the completion of the active wave 4).

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