LeoPrime Daily Market Analysis

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EURCHF reversed from support level 1.09300; Likely to rise to resistance level 1.10000.

EURCHF currency pair recently reversed up from the key support level 1.09300 (which has been repeatedly reversing the price from the star of May) – standing near the lower daily Bollinger Band and the 50% Fibonacci correction level of the previous upward impulse wave from November. The upward reversal from the support level 1.09300 is aligned with the active daily uptrend. EURCHF currency pair can be expected to rise further toward the next resistance level 1.10000 (former support from the middle of April, which also reversed the previous correction 2).

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