EUR/CHF’s Long Term Lift
Larger fall is anticipated if the entire 1.1487 minor resistance holds. Drop from 1.1622 has a corrective manner and it’s heading towards accumulation of support 1.1257. Following pivot points include: (S1) 1.1431; (P) 1.1457; (R1) 1.1490.
Sustained support will restrain downside and cause recoil. Breach of 1.1487 minor resistance will confirm that the retreat is over and align 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.