Technical analysis

EURCHF Wave Analysis – 30 June, 2022

EURCHF Wave Analysis – 30 June, 2022

• EURCHF reversed from support level 0.9980
• Likely to rise to resistance level 1.0100

EURCHF currency pair recently reversed up from the multi-month support level 0.9980 (previous monthly low from March), intersecting with the lower daily Bollinger Band.

The upward reversal from the support level 0.9980 stopped the earlier impulse waves (v) and (3).

Given the strength of the support level 0.9980 and the oversold daily Stochastic, EURCHF can be expected to rise further toward the next resistance level 1.0100.

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