EURCHF recently reversed up from support zone lying between the key support level 1.09800 (which has been reversing the price from the end of February), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse from February. The upward reversal from this support zone is likely to from the daily Bullish Engulfing – if the pair closes today near the current levels. EURCHF currency pair can be expected to rise further toward the next resistance level 1.10500 (which stopped the previous waves a and c in the middle of April)