Consolidation in EUR/CHF is Awaited

Trading in the pair is on the upside and further increase is awaited. Pivot points are at: (S1) 1.1462; (P) 1.1490; (R1) 1.1521.

The pair turned sideway after hitting 200% projection of 1.0652 to 1.0986 from 1.0830 at 1.1498. Overcoming of support 1.1385 will point out a short term top. Consolidation in the pair is awaited.

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.