FxPro - Analytics


717.75 6.25/10
90% of positive reviews

EURCHF Wave Analysis – 24 May, 2019

  • EURCHF broke support area
  • Further losses are likely

EURCHF recently broke through the support area lying between the key support level 1.1300 and the 61.8% Fibonacci correction of the previous upward impulse from March.

The breakout of this support area accelerated the active short-term impulse wave (iii).

EURCHF is expected to fall further and retest the next support level 1.1180 (which has been reversing the price from last September).


Source: FxPro

To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree