EURCHF Wave Analysis – 14 May, 2024

• EURCHF rising inside impulse wave 3

• Likely to reach resistance level 0.9835

EURCHF currency pair continues to rise inside the impulse wave 3, which started earlier from the support trendline of the daily Triangle from April.

The active impulse wave 3 belongs to the higher order impulse wave (3) from the middle of April.

Given the strong daily uptrend, EURCHF currency pair can be expected to rise further toward the next resistance level 0.9835, which stopped the previous waves (1), B and 1.