EUR/CHF’s Volatile Impulse

Technical Reports

The cross has risen but the impulse is volatile. Trading is mildly on the upside towards a resistance zone of 1.0986/0999. Breach in that zone will enlarge the intact rally from 1.0629 towards 61.8% projection of 1.0652 to 1.0986 from 1.0830 at 1.1036. Following pivot points include: (S1) 1.0937; (P) 1.0947; (R1) 1.0961.

Under 1.0931 minor support larger consolidation and further rally will occur.

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.