Categories: Technical analysis

EURCHF Wave Analysis 14 September 2023

– EURCHF reversed from resistance level 0.9595

– Likely to fall to support level 0.9515

EURCHF currency pair recently reversed down from the resistance level 0.9595 (which has been reversing the pair from last month) intersecting with the upper daily Bollinger Band.

The downward reversal from the resistance level 0.9595 stopped the minor ABC correction ii.

Given the clear daily downtrend, EURCHF currency pair can be expected to fall further toward the next support level 0.9515 (low of the previous waves v, ii, v, and (i)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: EURCHF

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