EUR/CHF: sell target - 1.0200
- EUR/CHF reached sell target 1.0400
- Next sell target - 1.0200
EUR/CHF has been falling steadily in the last few trading sessions – in accordance with our earlier forecast for this currency pair. The price recently broke the support level 1.0400 (which is the first of the 2 sell targets that were set in our previous report for EUR/CHF). This support level earlier reversed the minor impulse (i) of the active C-wave from the middle of March. This C-wave is a part of the intermediate ABC correction (B) from February.
Having recently broken the support level 1.0400, EUR/CHF is expected to fall further in the active C-wave toward the next sell target 1.0200 (forecast price for the termination of the active impulse (ii)). Sell stop-loss can be placed above 1.0400.