EURCHF currency pair recently broke through the support area lying between the support level 1.07850 (which has been reversing the pair from the middle of February) and the support trendline of the daily down channel from the middle of May. The breakout of the support area accelerated the active short-term impulse waves (iii) and 3. Given the rising bullish Swiss franc sentiment seen across the currency markets today – EURCHF currency pair can be expected to fall further toward the next support level 1.07500 (previous monthly low from December and January).