EUR/CHF broke support area

EUR/CHF broke support area

  • EUR/CHF broke support area
  • Next sell target - 1.1550

EUR/CHF recently broke through the support zone lying between the strong support level 1.1650 (low of the previous minor correction 4 from March), support trendline of the daily up channel from last year and the 61.8% Fibonacci correction of the previous sharp upward impulse (C) from February. The breakout of this support area continues the active impulse waves 1 and (C). EUR/CHF is expected to fall further toward the next sell target at next support level 1.1550.


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