EURCHF currency pair recently reversed up from the key support level 1.03800 (which has been reversing this currency pair from the end of November, as can be seen from the daily EURCHF chart below) – strengthened by the lower daily Bollinger Band. The upward reversal from the support level 1.03800 stopped the earlier short-term impulse wave 3. Given the strength of the support level 1.03800 – EURCHF currency pair can be expected to rise further toward the next pivotal resistance level 1.04300 (top of the previous short-term correction 2 from the middle of December).