Categories: Technical analysis

EURCHF Wave Analysis 28 August 2024

  • EURCHF broke support level 0.9400
  • Likely to fall to support level 0.9250

EURCHF currency pair is falling inside the minor impulse wave iii which started earlier from the pivotal resistance level 0.9550 (former support from April).

The pair today broke the support level 0.9400 – which should add further pressure on this currency pair.

Given the clear daily downtrend and strongly bearish euro sentiment, EURCHF currency pair can then be expected to fall to the next support level 0.9250 (which stopped two sharp downward impulse waves in January and August).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURCHF

Recent Posts

Gold Wave Analysis – 12 December 2025

Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…

2 days ago

EURGBP Wave Analysis – 12 December 2025

EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…

2 days ago

Filecoin Wave Analysis – 12 December 2025

Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…

2 days ago

Ethereum Wave Analysis – 12 December 2025

Ethereum: ⬇️ Sell - Ethereum reversed from resistance level 3400.00 - Likely to fall to support…

2 days ago

Pro News Weekly: Global Markets at a Turning Point

Welcome to Pro News Weekly! Here’s what is moving the markets: 💵 The Fed fails…

3 days ago

Crypto: slight rebound within a bear market

Crypto rebounds slightly in a bear market; resistance holds, optimism rises, but the outlook remains…

3 days ago

This website uses cookies