EURCHF Wave Analysis – 30 December, 2022

• EURCHF reversed from support level 0.9825

• Likely to rise to resistance level 0.9920

EURCHF recently reversed up from the pivotal support level 0.9825 (lower boundary of the narrow sideways price range inside which the pair has been moving from the start of December).

The support level 0.9825 was further strengthened by the lower daily Bollinger band.

EURCHF can be expected to rise further toward the next resistance level 0.9920 (upper boundary of the active sideways price range).