EUR/CHF’s Correction From a Temporary Top

Technical Reports

Trading of the cross is on the downside. Correction from a temporary top of 1.1622 is resuming and it’s going to break 1.1355 support. Following pivot points include: (S1) 1.1390; (P) 1.1439; (R1) 1.1471.

Sustained support from 1.1257 should cause a recoil. Breach of 1.1511 minor resistance will indicate that the retreat has finished and align 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.