December 08, 2020 at 03:49PM

• EURCHF broke support area

• Likely to fall to 1.0750

EURCHF continues to fall after the pair broke the support area lying between the support level 1.0785 (which has been reversing the price from the middle of November) and the 38.2% Fibonacci correction of the upward impulse 1 from November.

The breakout of this support area accelerated the active short-term corrective wave 2.

EURCHF is expected to fall further toward the next support level 1.0750 (former resistance from October and the target price for the completion of the active wave 2).

Continue Reading…

From: The FxPro Tech Analysis Team
Selected by

Search Web: EURCHF Wave Analysis 8 December, 2020

Recent Posts


Related Listening

December Reports

November Reports

October Reports

September Reports

August Reports

July Reports

Leave a Reply

Your email address will not be published.

Chinese (Simplified) ZH-CN English EN French FR German DE Spanish ES