EURCHF Wave Analysis – 19 July, 2019

• EURCHF falling inside impulse wave (iii)
• Further losses are likely

EURCHF continues to fall sharply inside the short-term impulse wave (iii), which previously recently broke the key support level 1.1060 (which stopped the pervious sharp downward impulse (i) in June).

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

EURCHF is expected to fall further and retest the next support level 1.1000 (former resistance from 2016).