Technical analysis

EURCHF Wave Analysis – 16 July, 2021

• EURCHF reversed up from support level 1,0820
• Likely to rise to resistance level 1,0870

EURCHF currency pair recently reversed up from the support level 1,0820 (former resistance from February), standing near the lower daily Bollinger band.

The support zone near the support level 1,0820 was strengthened by the lower support trendline of the daily down channel from April.

EURCHF currency pair can be expected to rise further toward the next resistance level 1,0870 (former support from the start of June – which stopped impulse wave 3).

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