EURCHF Wave Analysis – 01 April, 2020

• EURCHF reversed from resistance area
• Likely to fall to 1.0525

EURCHF recently reversed down from the resistance area lying between the key resistance level 1.0650 (top of the previous correction (ii)), upper daily Bollinger Band and the upper trendline of the daily down channel from December.

The downward reversal from this resistance area started the active short-term impulse wave 5.

EURCHF is likely to fall further toward the next support level 1.0525 (bottom of the previous impulse wave 3 from the middle of March).