EUR/CHF’s Bullish Prognosis

The consolidation from 1.1709 is progressing. Trading of the cross stays neutral. If 1.1483 support is present, short term prognosis remains bullish. Following pivot points include: (S1) 1.1628; (P) 1.1646; (R1) 1.1666.

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.