EURCHF currency pair continues to fall inside the intermediate impulse wave (5) – which started earlier when the pair reversed down from the key resistance level 1.04800, strengthened by the upper daily Bollinger Band. The downward reversal from the resistance level 1.0480 is aligned with the clear multi-year downtrend. Given the strongly bullish Swiss franc sentiment seen that can be seen across the FX markets today – EURCHF currency pair can be expected to fall further toward the next support level 1.03150 (previous monthly low from December).