Temporary Top Was Formed in EUR/CHF

Technical Reports

Trading in the pair is neutral, as a temporary top was formed at 1.1454. Pivot points are at: (S1) 1.1372; (P) 1.1410; (R1) 1.1435.

Downside of the pair should be contained. Trading above 1.1454 will widen the growth from 1.0629 to 200% projection of 1.0652 to 1.0986 from 1.0830 at 1.1498.

Firm breach of key resistance 1.1198 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.