EUR/CHF’s Correction Pushes Downwards

Technical Reports

Correction from 1.1709 pushes downwards, using a breach of 1.1559 minor support. Larger fall is expected. If 1.1483 support stands, short term prognosis remains bullish. Following pivot points include: (S1) 1.1555; (P) 1.1576; (R1) 1.1610.

Over 1.1663 trading will turn up on the upside towards 1.1709 maximum. Breach will extend medium term rally to the key level of 1.2. Breach of 1.1483 will suggest reversal.

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.