October 06, 2020 at 03:35PM

• EURCHF reversed from support area

• Likely to rise to 1,0835

EURCHF recently reversed up from the support zone lying between the support level 1,0730 (lower boundary of the tight sideways price range from July), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from July.

The upward reversal from the aforementioned support zone created the daily Japanese candlesticks reversal pattern Hammer.

EURCHF price is likely to rise further toward the next resistance level 1,0835 (top of the active sideways price range).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurchf-wave-analysis-6-october-2020-20201006/
Selected by fonecable.com

Search Web: EURCHF Wave Analysis 6 October, 2020

Recent Posts


Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published.

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES