EURCHF currency pair falling inside the accelerated downward impulse wave 3, which recently broke the support trendline of the wide daily down channel from October. The breakout of this level down channel was preceded by the breakout of the key support level 1.03000 (which has been reversing the price from the end of December).
Given the strength of the active daily downtrend, EURCHF currency pair can be expected to fall further toward the next support level 1.00500 (target price for the completion of the active impulse wave 3).
