Another Rally in EUR/CHF

Trading of the cross is still neutral. Another rally prevails if the entire 1.1483 support holds. Over 1.1663 minor resistance trading will turn up on the upside towards the maximum of 1.1709. Following pivot points include: (S1) 1.1574; (P) 1.1596; (R1) 1.1636.

Breach will extend medium term rally to the key level of 1.2. Breach of 1.1483 will point out trend reversal. Larger drop 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.