Categories: Technical analysis

EURCHF Wave Analysis – 6 August 2025

EURCHF: ⬆️ Buy

– EURCHF rising inside sideways price range

– Likely to test resistance level 0.9420

EURCHF currency pair recently reversed from the support area between the strong support level of 0.9300 (lower border of the sideways price range from April) and the lower daily Bollinger Band.

The upward reversal from this support area created the clear daily Japanese candlesticks reversal pattern Bullish Engulfing – which started active impulse wave 3.

Given the strongly bearish Swiss franc sentiment seen today, EURCHF can be expected to rise to the next resistance level 0.9420 (upper border 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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