Accumulation of Support in EUR/CHF
Larger decline towards 1.1355 support is likely if the whole 1.1511 minor resistance holds. Breach will align 1.1257 accumulation of support. Firm support in that zone will restrain the downside and cause recoil. Following pivot points include: (S1) 1.1417; (P) 1.1442; (R1) 1.1457.
Breach of 1.1511 minor resistance will indicate retreat’s conclusion and lead to 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.