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EURCHF Wave Analysis – 26 June, 2020

EURCHF Wave Analysis – 26 June, 2020

  • EURCHF broke support zone
  • Likely to fall to 1.0580

EURCHF recently broke below the support zone lying between the pivotal support level 1.0650 (which stopped the previous impulse wave (1)) and the 61.8% Fibonacci retracement of the previous ABC correction (C) from the middle of May.

The breakout of this support zone continues the active medium-term impulse sequence (3) from the middle of June. EURCHF is likely to fall further toward the next support level 1.0580 (low of the previous corrective wave (B) from May).

EURCHF Wave Analysis – 26 June, 2020

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