EURCHF currency under the bullish pressure after it broke the resistance area lying between the key resistance level 1.0900 (which stopped the previous impulse wave 1 at the start of September), 100-day moving average and the 50% Fibonacci correction of the long-term downward price impulse from April. The breakout of this resistance area continues the active impulse wave 3. EURCHF currency pair can be expected to rise further toward the next resistance level 1.09500 (61.8% Fibonacci correction of the downward impulse from April).
