EURCHF Wave Analysis

  • EURCHF reversed from resistance level 1.0356
  • Likely to fall to support level 1.0200

EURCHF currency pair recently reversed down strongly from the pivotal resistance level 1.0356 (which has been reversing the price from end of December).

The downward reversal from the resistance level 1.0356 stopped the earlier impulse waves (i) and (C).

Given the clear daily downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.0200.

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Featured Analysis

Learn Forex Trading