EURCHF Wave Analysis – 1 September, 2020

• EURCHF broke resistance level 1.0830

• Likely to rise to 1,0910

EURCHF recently broke the resistance level 1.0830 (upper border of the sideways price range inside which the pair has been moving from the middle of July).

The breakout of the resistance level 1.0830 continues the active short-term impulse wave C – which is part of the ABC correction (2) from July.

EURCHF is likely to rise further and test the resistance level 1,0910 (target price for the completion of the active ABC correction (2)).