• 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).
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