Categories: Technical analysis

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).

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.

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The FxPro Tech Analysis Team
Tags: EURCHF

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