EURCHF continues to fall today after the pair broke below the key support level 0.99700 (former multi-month support from the start of March, as can be seen from the daily EURCHF chart below). The breakout of the support level 0.99700 accelerated the active impulse waves 5 and (3). Given the clear daily downtrend and the strongly bearish euro sentiment seen across the FX markets lately -along with substantial Swiss franc inflows, EURCHF currency pair can be expected to fall further toward the next support level 0.98500.
