EURCHF under the bullish pressure after the pair broke above the major multi-month resistance level 1.08800 (which has been steadily reversing the price from the start of June, as can be seen from the daily EURCHF chart below). The breakout of the resistance level 1.08800 continues the active short-term impulse waves (iii) and 3 – which belong to the impulse wave (C) from the start of November. Given the clear uptrend and the strong Swiss franc bearishness seen across the FX markets today – EURCHF currency pair is likely to rise further toward the next resistance level at (1.10000)- target price for the completion of the active short-term impulse wave 3.