EURCHF Wave Analysis – 9 September, 2022

• EURCHF falling inside impulse waves 5 and (3)

• Likely to reach support level 0.9600

EURCHF currency pair continues to fall inside the short-term impulse wave 5, which started earlier from the key resistance level 0.9800.

The short-term impulse wave 5 belongs to the higher order downward impulse sequence (3) from the start of May.

EURCHF can be expected to fall further toward the next support level 0.9600 (which stopped the sharp downtrend in August).