Technical analysis

EURCHF Wave Analysis 21 December 2023

– EURCHF reversed from key support level 0.9410

– Likely to rise to resistance level 0.9500

EURCHF currency pair recently reversed up from the key support level 0.9410 (which has been reversing the price from the middle of October).

The support level 0.9410 was strengthened by the intersecting lower daily Bollinger Band.

Given the oversold daily Stochastic, EURCHF can be expected to rise further to the next resistance level 0.9500.

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