EURCHF recently reversed sharply from the strong resistance level 1.08750 (former monthly high from August, which has been reversing the price from June) – strengthened by the nearby upper daily Bollinger Band. The downward reversal from the resistance level 1.08750 created the daily Shooting Star which started the active short-term impulse wave 3. Considering the rising bullish Swiss franc sentiment seen across the FX markets today – EURCHF is likely to fall further toward the next round support level 1.07900 (low of the previous short-term corrective wave (b)).