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July 06, 2022 @ 17:12 +03:00
• EURCHF broke support level 0.9975
• Likely to fall to support level 0.9850
EURCHF recently broke the key support level 0.9975 (former multi-month low from the start of March).
The breakout of the support level 0.9975 continues the clear multi-month downtrend and is aligned with the active impulse waves 3 and (3).
Given the strongly bearish euro sentiment, EURCHF can be expected to fall further toward the next support level 0.9850.