EURCHF recently broke the support trendline of the daily up channel from September – which accelerated the active short-term impulse wave 3, which is a part of the medium-term downward impulse sequence (3) from the middle of October. Given the strong bullish Swiss Franc sentiment seen across the markets – EURCHF is likely to remain under bearish pressure and to fall toward the next key support level 1.0830 (low of the previous correction B from the end of September and the target price for the completion of the active impulse wave 3).