EUR/CHF’s Signal Level
Trading of the cross became neutral. 4 hours MACD moved under the signal level. Top formation is expected.
If further lift occurs, sustained resistance will be seen under 1.2 handle, causing a medium term reversal. Breach of 1.1602 support will confirm reversal and prognosis will become bearish towards 1.1387 and lower.
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.