EUR/CHF’s Temporary Top

Correction from a temporary top of 1.1622 will break 1.1355 support if 1.1511 minor resistance holds. Sustained support from 38.2% retracement of 1.0652 to 1.1622 at 1.1251 should draw a recoil. Following pivot points include: (S1) 1.1404; (P) 1.1439; (R1) 1.1467.

Breach of 1.1511 minor resistance will argue 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.