EURCHF Wave Analysis – 4 April, 2022

• EURCHF broke key support level 1.020
• Likely to fall to support level 1.01

EURCHF currency pair recently broke the key support level 1.020 (which has been reversing the pair from the start of March).

The breakout of the support level 1.020 coincided with the breakout of the 50% Fibonacci correction of the upward ABC correction (4) from the start of March.

Given the clear downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.01.