Completion of Pull Back in EUR/CHF is Awaited

Trading in the pair is neutral. The pair has recovered after support from 38.2% retracement of 1.0830 to 1.1537 at 1.1267. Pivot points are at: (S1) 1.1243; (P) 1.1345; (R1) 1.1429.

Overcoming of 1.1267 will widen the decline to 61.8% retracement at 1.1100. Pull back in the pair can complete because of overcoming of 1.1394 level.

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.