– EURCHF reversed from strong support level 0.9480
– Likely to rise to resistance level 0.9600
EURCHF currency pair recently reversed up from the strong support level 0.9480 (which stopped the weekly downtrend in 2022 as can be seen below) intersecting with the lower weekly Bollinger Band.
The upward reversal from the support level 0.9480 stopped the previous sharp downward impulse waves 3 and (3).
Given the bullish divergence on the weekly Stochastic, EURCHF can be expected to rise further toward the next resistance level 0.9600.
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies