EUR/CHF’s Topping

Technical Reports

Trading of the cross is neutral. Choppy breach of 1.1541 will suggest topping and short term prognosis will become bearish towards 1355 key support, according to bearish divergence condition in 4 hour MACD and daily MACD. Following pivot points include: (S1) 1.1613; (P) 1.1642; (R1) 1.1665.

Breach of 1.1721 resistance will extend an uptrend for the key level of 1.2.

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.