Projection Expansion in EUR/CHF

Technical Reports

The cross has risen to 1.1362. Trading remains on the upside. Operating rally is extending 161.8% projection of 1.0652 to 1.0986 from 1.0830 at 1.1370. Following pivot points include: (S1) 1.1184; (P) 1.1229; (R1) 1.1310.

Breach in that area will head towards 200% projection at 1.1498. Under 1.1106 minor support, trading will turn up in the neutral position and some consolidation will occur. The downside of pull back will be restrained over 1.1087, causing a rally restoration.

Firm breach of 1.1198 key resistance indicates restoration of a long term increase. The cross might head towards 1.2000. While the 1.0986 resistance turned support stands, this prognosis will prevail.