Market Snapshots

EURCHF Wave Analysis – 4 June, 2020

EURCHF Wave Analysis – 4 June, 2020

• EURCHF under bullish pressure

• Likely to rise to 1,0850

EURCHF recently broke sharply above the key resistance level 1.0785 (upward target set in our previous forecast for this currency pair).

The breakout of the resistance level 1.07860 coincided with the breakout of the 50% Fibonacci correction of the earlier downward impulse from October.

EURCHF is expected to rise further toward the next resistance level 1,0850 (target price for the completion of the active impulse wave (c)).

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