Further Rally EUR/CHF

Technical Reports

The cross has formed a temporary top at 1.0957. 4 hour MACD closed under the signal level. Trading stance is neutral. 1.0884 minor support should fill the downside of a pull back and lead to further rally. Following pivot points include: (S1) 1.0928; (P) 1.0940; (R1) 1.0961.

Lift from 1.0629 should expand. Over 1.095, EUR/CHF will push through the resistance zone of 1.0986/0999 towards 61.8% projection of 1.0652 to 1.0986 from 1.0830 at 1.1036.

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.