Categories: Technical analysis

EURCHF Wave Analysis – 3 June, 2019

  • EURCHF reversed from support area
  • Further gains are likely

EURCHF today reversed up from the key support area lying at the intersection of the multi-month support level 1.1180, support trendline of the daily down channel from October and the lower daily Bollinger Band.

If the pair closes today near the active levels it ill formed the daily Japanese candlesticks reversal pattern Hammer Doji.

EURCHF is expected to rise further and retest the next resistance level 1.1275.

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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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