Technical analysis

EURCHF Wave Analysis – 4 March, 2022

EURCHF Wave Analysis – 4 March, 2022

• EURCHF broke support area
• Likely to fall to support level 1.000

EURCHF continues to fall after the earleir breakout of the support area located between the key support level 1.0200 and the support trendline of the daily down channel from last September.

The breakout of this support area accelerated the active impulse waves 3 and (3).

Given the clear daily downtrend and the strongly bearish euro sentiment – EURCHF can be expected to fall further toward the next support level at parity (1.0000).

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