Tuesday, 02 January 2024 12:17 GMT

EURCHF Wave Analysis 26 January 2026


(MENAFN- FxPro) EURCHF: ⬆️ Buy

– EURCHF reversed from support zone

– Likely to rise to resistance level 0.9260

EURCHF currency pair recently reversed up from the strong support area between the support levels 0.9195 and 0.9215 (which has been reversing the price from the end of 2024) and the lower daily Bollinger Band.

The upward reversal from this support zone stopped the previous minor impulse wave iii from the start of January.

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Given the strength of the aforementioned support area and the bullish divergence on the daily Stochastic, EURCHF currency pair can be expected to rise to the next resistance level 0.9260 (former monthly low from December).

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