EUR/CHF’s Medium Term Resistance
Currently, trading of the cross is on the upside. Choppy breach of 1.0999 medium resistance will head towards 61.8% projection of 1.0652 to 1.0986 from 1.0830 at 1.1036. Following pivot points include: (S1) 1.0965; (P) 1.0982; (R1) 1.1004.
Breach of 1.0936 support should confirm near term topping. If EUR/CHF pulls back, the prognosis stays bullish.
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.