EUR/CHF’s Diapason

Technical Reports

Trading of the cross stays neutral. EUR/CHF is sticking inside of diapason under the temporary top of 1.0957. Further consolidation is expected. 1.0884 minor support should fill the downside of a pull back and cause restoration of growth. Following pivot points include: (S1) 1.0928; (P) 1.0940; (R1) 1.0961.

The rally from 1.0629 should continue. 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.