Technical analysis

EURCHF Wave Analysis – 09 August, 2021

• EURCHF reversed from support level 1.0740

• Likely to rise to resistance level 1,0800

EURCHF currency pair recently reversed up from key support level 1.0740 (previous monthly low from December and January), intersecting with the lower daily Bollinger band.

The upward reversal from this key support level 1.0740 started the active short-term impulse wave (i).

EURCHF currency pair can be expected to rise further toward the next resistance level 1,0800 (previous low from the start of July).

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