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EURCHF Wave Analysis – 25 April, 2022

38025 eurchf wave analysis 25 april 2022

• EURCHF reversed from resistance level 1.0356

• Likely to fall to support level 1.0200

EURCHF currency pair recently reversed down strongly from the pivotal resistance level 1.0356 (which has been reversing the price from end of December).

The downward reversal from the resistance level 1.0356 stopped the earlier impulse waves (i) and (C).

Given the clear daily downtrend – EURCHF currency pair can be expected to fall further toward the next support level 1.0200.

Source: Fxpro

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