EUR/CHF’s Medium Term Surge
If 1.1584 support is present, short term prognosis remains bullish. Actual medium term surge from 1.0629 should reach the key level of 1.2. Following pivot points include: (S1) 1.1643; (P) 1.1662; (R1) 1.1683;
According to bearish divergence in 4 hour MACD, sustained breach of 1.1584 will argue short term reversal and cause retreat towards 1.1355 support and lower.
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.