EURCHF: ⬆️ Buy
– EURCHF reversed from support zone
– Likely to rise to resistance level 0.9300
EURCHF currency pair recently reversed from the support zone between the long-term support level 0.9210 (which has been reversing the price from the middle of 2024) and the lower weekly Bollinger Band.
The upward reversal from this support zone stopped the previous short-term impulse wave (iii).
Given the strength of the support level 0.9210 and the bearish Swiss franc sentiment seen today, EURCHF currency pair can be expected to rise to the next resistance level 0.9300.
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