LeoPrime Daily Market Analysis

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EURCHF reversed from resistance zone; Likely to fall to support level 1.07500

EURCHF currency pair today reversed down from the resistance zone lying between the pivotal resistance level 1.0830 (former top of wave 4 from the middle of August), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier sharp downward impulse (C) from the start of July. Given the currently bullish Swiss franc sentiment seen across the FX markets today, EURCHF currency pair can be expected to fall further toward the next support level 1.07500 (low of the previous Bullish Engulfing from the end of August)

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