Categories: Technical analysis

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).

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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