EUR/CHF’s Recommencement

Technical Reports

The recommencement from 1.0830 is extending but it’s holding under 1.0908 resistance. Trading character is neutral. Following pivot points include: (S1) 1.0868; (P) 1.0882; (R1) 1.0901.

Breach of 1.0908 will suggest that the correction from 1.0986 has finished. If that happens, trading will turn up on the upside towards a repeat test of 1.0987/0999 resistance zone. If further decrease occurs, support zone of 1.0791/0872 should fill the downside and draw recoil.

Price dynamic from 1.1198 is considered as a correction. Firm recoil should confirm its conclusion after facing 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Choppy breach of 1.0999 resistance will align a test on the maximum of 1.1198.