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February 21, 2022 @ 19:31 +03:00
• EURCHF broke support area
• Likely to fall to support level 1.0320.
EURCHF currency pair recently broke the support area located between the key support level 1.0430 (former top of wave A from the end of January) and the 50% Fibonacci correction of the previous ABC correction (4).
The breakout of this support area accelerated the active intermediate impulse wave (5).
Given the clear daily downtrend – EURCHF currency pair can be expected to fall further toward the next key support level 1.0320 (which has been reversing the price from the end of December).