EURCHF Wave Analysis – 8 July, 2021

• EURCHF broke support level 1.0870
• Likely to fall to support level 1.082

EURCHF currency pair recently broke the key support level 1.0870 (previous monthly low from June, which stopped the previous minor impulse wave 1).

The breakout of the support level 1.0870 accelerated the active short-term impulse wave 3, which belongs to the intermediate impulse wave (C) from April.

EURCHF can be expected to fall further toward the next support level 1.082 (target for the completion of the active impulse wave 3).