EUR/CHF’s Topping

Technical Reports

Trading of the cross is neutral. There’s about to be topping. If further increase occurs, firm resistance will appear under 1.2 handle, drawing medium term reversal. Following pivot points include: (S1) 1.1665; (P) 1.1701; (R1) 1.1721.

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.