EURCHF currency pair recently broke the resistance zone located between the pivotal resistance level 1.08320 (former top of wave (iv) from the start of August) and the 50% Fibonacci correction of the sharp downward impulse 1 from June. The breakout of this resistance zone accelerated the active short-term impulse wave (c). Given the rising bearish Swiss franc sentiment seen across the FX markets today, EURCHF currency pair can be expected to rise further toward the next resistance level 0.73500.
