EURCHF under bullish pressure after the earlier breakout of the resistance area lying between the resistance level 1.07000 (monthly high from March) and the 61.8% Fibonacci correction of the previous downward impulse (1) from the middle of January. The breakout of this resistance area accelerated the active short-term impulse wave (c). Given the strong bearish sentiment affecting the Swiss franc today – EURCHF is likely to extend the gains toward the next resistance level 1.07850 (top of wave (ii) from January and the likely price for the completion of the active short-term impulse wave (c)).