Correction in EUR/CHF Extends

Technical Reports

Trading in the pair is on the downside for 38.2% retracement of 1.0830 to 1.1537 at 1.1267. Pivot points are at: (S1) 1.1424; (P) 1.1462; (R1) 1.1486.

The correction from 1.1537 accelerates to minimum 1.1330. Overcoming of 1.1537 level will point out up trend resumption.

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.