EURCHF Reverses Down, Sets Sights on Key Support Level
The EURCHF currency pair has recently reversed downwards from its long-term resistance level of 0.9445, which coincides with the upper daily Bollinger Band.
This reversal broke the support trendline of the daily up channel that enclosed waves 1, 2, and 3.
The EURCHF is likely to fall further towards its next support level at 0.9300, which previously stopped wave (iv) in the middle of August.