EURCHF Wave Analysis – 26 June, 2020
June 26, 2020 @ 17:36 +03:00
• EURCHF broke support zone
• Likely to fall to 1.0580
EURCHF recently broke below the support zone lying between the pivotal support level 1.0650 (which stopped the previous impulse wave (1)) and the 61.8% Fibonacci retracement of the previous ABC correction (C) from the middle of May.
The breakout of this support zone continues the active medium-term impulse sequence (3) from the middle of June. EURCHF is likely to fall further toward the next support level 1.0580 (low of the previous corrective wave (B) from May).