EUR/CHF’s Recommencement

The cross has recommenced after the fall to 1.1559. Still, it remained in diapason under the short term top of 1.1709. Trading stays neutral. The prognosis stays bullish 1.1483 support stands. Following pivot points include: (S1) 1.1622; (P) 1.1643; (R1) 1.1676.

Breach of 1.1709 will prolong the medium term uptrend towards key level of 1.2. Breach of 1.1483 will be a symbol of reversal. Larger fall will align 1.1355 support.

A long term growth keeps expanding. EUR/CHF will align 1.2000. If support 1.1355 stands, this prognosis prevails. Breach of 1.1355 will suggest medium term top formation. The cross might hit 55 week EMA and even lower.