EURCHF Wave Analysis – 15 July, 2020

• EURCHF broke resistance area

• Likely to rise to 1.0850

EURCHF today broke the resistance area located between the key resistance level 1.0765 (top of the (b)-wave from the middle of June) and the 50% Fibonacci retracement of the previous downward impulse (1).

The breakout of this resistance area should accelerate the active medium-term corrective wave (2).

EURCHF is likely to rise further toward the next resistance level 1.0850 (likely price for the completion of the active wave (2)).