Technical analysis

EURCHF Wave Analysis – 1 March, 2022

EURCHF Wave Analysis – 1 March, 2022

• EURCHF broke key support level 1.0300
• Likely to fall to support level 1.0200

EURCHF currency pair under the bearish pressure after the earlier breakout of the key support level 1.030 (which has been reversing the pair from the end of January).

The breakout of the support level 1.030 accelerated the active impulse waves 3 and (3).

Given the clear daily downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.0200 (target for the completion of the active impulse wave (3)).

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