Further Decline in EUR/CHF

Technical Reports

Trading tone of the cross is neutral. If 1.0983 support stands, another rally is possible. Following pivot points include: (S1) 1.0983; (P) 1.1008; (R1) 1.1030.

Actual increase from 1.0629 should head towards the resistance zone 1.1127/98. Breach of 1.0983 will argue near term topping and move trading to the downside towards 55 day EMA.

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. Further decline is likely.