LeoPrime Daily Market Analysis

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EURCHF broke key resistance level 1.06500; Likely to rise to 1.07000

EURCHF recently broke through the key resistance level 1.06500 (which has been steadily reversing the price from the start of March), intersecting with the 50% Fibonacci retracement of the previous sharp downward impulse from the middle of January. With the strengthening bullish sentiment affecting the Euro today – EURCHF is likely to rise further toward the next resistance level 1.07000 (monthly high from March, which stopped the previous short-term correction (iv))

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