- EURCHF reversed from support area
- Further gains are likely
EURCHF recently reversed up from the support area lying between the multi-month support level 1.1170 (which has been reversing the price from the start of November) and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term ABC correction (iv).
EURCHF is expected to rise further and re-test the next resistance level 1.1300 (former support from March and the target price for the completion of the active wave (iv)).