– EURCHF reversed from long-term resistance level 0.9445
– Likely to fall to support level 0.9300
EURCHF currency pair recently reversed down from the long-term resistance level 0.9445, which previously stopped wave (b) in the middle of June of 2025, wave (B) in the middle of August of 2025 and wave 3 in the middle of September, and which coincides with the upper daily Bollinger Band.
The downward reversal from this resistance level broke the support trendline of the daily up channel from the start of June, which enclosed the previous waves 1, 2 and 3.
Given the strength of the resistance level 0.9445 and the strongly bullish Swiss franc sentiment seen today, EURCHF currency pair can be expected to fall further toward the next support level 0.9300 – which stopped wave (iv) in the middle of August.