EURCHF Wave Analysis – 30 December, 2021

• EURCHF broke support level 1.0380

• Likely to fall to support level 1.0300

EURCHF currency pair recently broke the key support level 1.0380 (which stopped the previous monthly impulse waves (3) and 1).

The breakout of the support level 1.0380 accelerated both of the active impulse waves (5) and 3 – which are aligned with the powerful multi-month downtrend.

EURCHF currency pair can be expected to fall further toward the next support level 1.0300 (target price for the completion of the active minor impulse wave 3).