EUR/CHF’s Bullish Prognosis
The cross is restricted inside of diapason under 1.1721. Trading is still neutral. Prognosis stays bullish towards another lift if the whole 1.1541 support stands. Sustained breach of 1.1721 will prolong the medium term uptrend and align 1.2 key level. Following pivot points include: (S1) 1.1599; (P) 1.1619; (R1) 1.1647.
Strong breach of 1.1541 will indicate topping and short term prognosis will become bearish towards 1355 key support, according to bearish divergence condition in 4 hour MACD and daily MACD.
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.