EURCHF recently broke through the key support level 1.10350 (which stopped the previous minor corrective wave (a) at the start of March, as can be seen from the daily EURCHF chart below) – intersecting with the 61.8% Fibonacci correction of the previous upward impulse (v) from the end of February. The breakout of the support level 1.10350 accelerated the active impulse wave (c). EURCHF can be expected to fall further toward the next support level 1.09550 (low of the previous minor corrective wave (iv) and the target price for the completion of the active correction 4).