EUR/CHF’s Corrective Decline

Technical Reports

Corrective decline of the cross from 1.1622 is expanding. Larger fall should align 1.1355. Breach will head towards the 1.1257 accumulation of support. Following pivot points include: (S1) 1.1399; (P) 1.1425; (R1) 1.1461.

Sustained support in that area will restrain downside and draw recoil. Breach of 1.1487 minor resistance will point out ending of retreat and cause repeat test of 1.1622.

Long term lift is extending. The cross might head towards 1.2000. While the 1.1198 resistance turned support stands, this prognosis will prevail.