EURCHF currency pair recently broke the key support level 1.00900 (the previous monthly low from April, as can be seen from the daily EURCHF chart below). The breakout of the support level 1.00900 accelerated the active impulse waves 3 and (3). Given the strong daily downtrend and the bullish swiss franc sentiment seen across the FX markets today, EURCHF currency pair can be expected to fall further toward the next support
level 0.99700 (the previous monthly low from March).
EURCHF broke support level 1.00900; Likely to fall to support level 0.99700.
