EUR/CHF’s Decisive Decline

Technical Reports

According to bearish divergence condition in daily MACD, decisive decline marks temporary topping at 1.1622. Trading of the cross is slightly on the downside to 1.1355 support and lower. Following pivot points include: (S1) 1.1377; (P) 1.1483; (R1) 1.1556.

Breach of 1.1511 minor resistance will argue ending of retreat and cause a repeat test of 1.1622.

Long term lift is extending. The cross might head towards 1.2000. While the 1.1087 resistance turned support stands, this prognosis will prevail.