Market Snapshots

EURCHF Wave Analysis – 8 July, 2020

EURCHF Wave Analysis – 8 July, 2020

• EURCHF reversed from support level 1.0620

• Likely to rise 1.0665

EURCHF recently reversed up from the key support level 1.0620 (which reversed the 5 previous intraday impulses, as can be seen from the daily EURCHF chart below).

The upward reversal from the support level 1.0620 stopped the previous short-term impulse wave (iii).           

EURCHEURCHF is likely to rise further toward the next resistance level 1.0665 (top of the previous short-term correction (ii)).

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