EUR/CHF’s Recommencement

Technical Reports

The cross kept recommencing. Still, it’s bounded under 1.1776. Trading is neutral. Soon, a top will be formed. If further lift occurs, firm resistance will appear under 1.2 handle, leading to medium term reversal. Following pivot points include: (S1) 1.1701; (P) 1.1732; (R1) 1.1763.

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.