EURCHF currency pair recently reversed up from the support zone located between the key support level 1.07370 (previous monthly low from January) and the lower daily Bollinger Band. The upward reversal from this support area started the active short-term corrective wave (ii). Given the strong outflows from the Swiss franc – EURCHF currency pair can be expected to rise further toward the next resistance level 1.0800 (former low from the start of July and the target for the completion of the active wave (ii))
