EURCHF Technical Analysis 22 October, 2021

• EURCHF broke through the key support level 1.0695
• Likely to fall to support level 1.0627

EURCHF currency pair continues to fall after the price broke through the key support level 1.0695 (which has been steadily reversing the price from the middle of August as can be seen from the daily EURCHF chart below). The breakout of this support level 1.0695 accelerated the active impulse waves 3 and (iii).

Given the clear daily downtrend and the strengthening Swiss franc optimism – EURCHF currency pair can be expected to fall further toward the next support level 1.0627 (target for the completion of the active  impulse wave 3).

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