Technical analysis

EURCHF Wave Analysis 1 April, 2021

EURCHF Wave Analysis 1 April, 2021

• EURCHF reversed from resistance area

• Likely to test support level 1.1000

EURCHF falling after the pair reversed down from the resistance area lying between the resistance level 1.1110 (which reversed the price multiple times from the start of this month) and the upper daily Bollinger Band.

The downward reversal from this resistance area stopped the previous upward impulse wave (iii).

EURCHF is likely to fall further toward the next support level 1.1000 (low of the previous corrections 4 and (ii)).

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