Technical analysis

EURCHF Wave Analysis – 3 June, 2019

EURCHF Wave Analysis – 3 June, 2019
  • EURCHF reversed from support area
  • Further gains are likely

EURCHF today reversed up from the key support area lying at the intersection of the multi-month support level 1.1180, support trendline of the daily down channel from October and the lower daily Bollinger Band.

If the pair closes today near the active levels it ill formed the daily Japanese candlesticks reversal pattern Hammer Doji.

EURCHF is expected to rise further and retest the next resistance level 1.1275.

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