EUR/CHF’s Upside Impulse

Breach of 1.1736 indicates uptrend restoration. Trading of the cross is on the upside. Upside impulse is feeble and sustained resistance under 1.2 handle should cause a medium term top formation. Following pivot points include: (S1) 1.1673; (P) 1.1696; (R1) 1.1738.

Breach of 1.1602 support will suggest reversal and the forecast will become bearish.

Soon, a medium term top will be formed. A long term growth keeps expanding. EUR/CHF will align 1.2000. If resistance turned support of 1.1198 stands, this prognosis prevails. If the cross hits 1.1198, the forecast will be changed.