Categories: Technical analysis

EURCHF Wave Analysis – 8 July, 2020

• EURCHF reversed from support level 1.0620

• Likely to rise 1.0665

EURCHF recently reversed up from the key support level 1.0620 (which reversed the 5 previous intraday impulses, as can be seen from the daily EURCHF chart below).

The upward reversal from the support level 1.0620 stopped the previous short-term impulse wave (iii).           

EURCHEURCHF is likely to rise further toward the next resistance level 1.0665 (top of the previous short-term correction (ii)).

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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