EURCHF Technical Analysis Report 27 June, 2024


EURCHF currency pair can be expected to rise further toward the next resistance level 0.9680, which stopped the previous minor wave B at the start of June.

– EURCHF broke daily down channel

– Likely to rise to resistance level 0.9680

EURCHF currency pair continues to rise after the earlier breakout of the daily down channel from the end of May (which enclosed the previous shop downward ABC correction (B) from the end of May, as can be seen from the daily EURCHF chart below). The price earlier reversed up with the daily Morning Star Japanese candlesticks reversal pattern from the support level 0.9480 – which started the minor impulse 1 of the higher order impulse wave (C).

Given the strength of the active impulse wave (C) and the continuation of the outflows from the Swiss Franc, EURCHF currency pair can be expected to rise further toward the next resistance level 0.9680, which stopped the previous minor wave B at the start of June.

EURCHF
EURCHF

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