Currency Pair: EURCHF 0.22% Frequency: Daily Predicted Direction: Long
EUR/CHF 0.22% completed the daily impulse wave 3. The price earlier broke the round resistance level of 1.15 and tested for 1.15118 the 78.6% resistance Fib level from 2015, showing the upward bias on this currency pair. The price is correctly trading on consolidation below 1.15 and will follow the corrective wave (c) back to potential support zone of 1.12/13 level.
Once the price stands steady and breaks the upper 78.6% Fib critical level, EURCHF 0.22% is confirmed to follow its bullish momentum to complete weekly impulse wave (3) at 1.20.