EURCHF currency pair earlier reversed down from the pivotal resistance level 1.09800 (former monthly low from April, which has been reversing the pair from the start of May) – strengthened by the upper daily Bollinger Band and by the 50% Fibonacci correction of the downward impulse from April. Given the widespread bearish euro sentiment seen across the FX markets today – EURCHF currency pair can be expected to fall further toward the next support level 1.08700 (low of the previous impulse wave 1)
