- EURCHF broke resistance level 0.9410
- Likely to rise to resistance level 0.9500
EURCHF currency pair recently broke the key resistance level 0.9410 intersecting with the 50% Fibonacci correction of the previous downward impulse from December
The breakout of the resistance level 0.9410 accelerated the active short-term ABC correction 4.
Given the strong Swiss franc sales seen today, EURCHF can be expected to rise further to the next resistance level 0.9500 (target for the completion of the active wave 4).
