LeoPrime Daily Market Analysis

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EURCHF reversed from 1.0830 support area ; Likely to rise to 1.0900

EURCHF recently reversed up from the support area lying between the support level 1.0830 (which has been repeatedly reversing the price from the middle of August) and the lower daily Bollinger Band. The last upward reversal from the support level 1.0830 created the weekly Japanese candlesticks reversal pattern Morning Star. With the moderate bearish sentiment affecting the Swiss Franc today – EURCHF is likely to remain under bullish pressure today and extend the gains toward the next resistance level 1.0900. Strong support remains at the support level 1.0830

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