EURCH currency pair recently broke the support area located between the key support level 1.04300 (which reversed the pair sharply earlier this month) and the 61.8% Fibonacci correction of the previous upward ABC correction (4) impulse from the end of January. The breakout of this support area accelerated the active intermediate impulse wave (5) from the start of February. Given the worsening of the risk sentiment seen across the FX markets today, EURCH currency pair can be expected to fall further toward the next support level 1.03600 (low of wave B from the end of January).