EUR/CHF: sell targets - 1.0400 and 1.0200
• EUR/CHF falls inside intermediate ABC correction
• Next sell targets - 1.0400 and 1.0200
EUR/CHF has been falling in the last few weeks – inside the C-wave of the intermediate ABC correction (B), which started in February – when the pair reversed down from the combined resistance zone lying between the following resistance levels: daily upper Bollinger Band, the 50% Fibonacci Correction of the previous sharp intermediate downward impulse wave (5) from the middle of January and the resistance level 1.0800. The currently active C-wave recently broke the support level 1.0600 (which stopped the previous A-wave).
EUR/CHF is likely to continue to fall toward the next sell targets – 1.0400 and 1.0200. Sell stop-loss can be placed above the recently broken former support level 1.0600.