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EURCHF Wave Analysis – Action Forex

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  • EURCHF reversed from key support level 1.0090
  • Likely to rise to resistance level 1.0215

EURCHF currency pair earlier reversed up from the key support level 1.0090 (the previous monthly low from April), strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 1.0090 stopped the earlier minor impulse waves 3 and (v).

EURCHF can be expected to rise further toward the next resistance level 1.0215 (former strong support from May and June).

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