EURCHF currency pair under the bullish pressure after the pair broke the resistance area located between the strong resistance level 1.03150 and the 50% Fibonacci correction of the downward impulse 3 from the start of February. The breakout of this resistance area accelerated the active impulse wave c of the ABC correction 4.
Given the bearish Swiss franc sentiment seen across the FX markets today, EURCHF currency pair can be expected to rise further toward the next resistance level 1.04450 (top of wave (iv) from last month).
