EURCHF currency pair under the bearish pressure today after the price broke below the multi-month support level 1.06950 (which has been reversing the pair from the middle of Septembers as can be seen from the daily EURCHF chart below). The breakout of the support level 1.06950 accelerated the active impulse waves (iii) and 3. Given the clear multi month downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.06250 (target price for the completion of the active impulse wave 3]).
