Categories: Technical analysis

EURCHF Wave Analysis – 25 April, 2022

• EURCHF reversed from resistance level 1.0356
• Likely to fall to support level 1.0200

EURCHF currency pair recently reversed down strongly from the pivotal resistance level 1.0356 (which has been reversing the price from end of December).

The downward reversal from the resistance level 1.0356 stopped the earlier impulse waves (i) and (C).

Given the clear daily downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.0200.

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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Tags: EURCHF

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