Further Fall in EUR/CHF is Expected

Trading in the pair is neutral. Pivot points are at: (S1) 1.1451; (P) 1.1476; (R1) 1.1505.

A short term top should be formed at 1.1537. Downside of the pair should be contained by 38.2% retracement of 1.0830 to 1.1537 at 1.1267. A deeper decline in the pair is possible.

Firm breach of key resistance 1.1198 indicates restoration of a long term increase. The cross might head towards 1.2000. While the 1.1087 resistance turned support stands, this prognosis will prevail.