EURCHF recently reversed down from the powerful resistance level 1.08700 (which has been reversing the price from September) standing near the upper daily Bollinger Band. The downward reversal from the resistance level 1.08700 stopped the previous minor ABC correction 2 from the start of October. Given the powerful bullish Swiss franc sentiment seen across the FX markets today – EURCHF is expected to fall further toward the next support level 1.07900 (low of the previous minor correction (b) from the end of October).