Categories: Technical analysis

EURCHF Wave Analysis 26 November, 2020

• EURCHF reversed from resistance level 1.0880

• Likely to fall to 1.0785

EURCHF previously reversed down from the key resistance level 1.0880 (which has been reversing this currency pair from the start of July), standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 1.0880 created the daily Japanese candlestick reversal pattern Shooting Star.

EURCHF is likely to fall further toward the next support level 1.0785 (low of the earlier short-term correction (b) from the start of November).

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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The FxPro Tech Analysis Team
Tags: EURCHF

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