EUR/CHF’s Sustained Resistance

Trading tone of the cross neutral. Soon, a top will be formed. Sustained resistance will appear under 1.2 handle, causing medium term reversal. Under 1.1670 minor support trading will turn up on the downside towards 1.1602 support. Following pivot points include: (S1) 1.1667; (P) 1.1707; (R1) 1.1728.

Another breach of 1.1602 will argue reversal and prognosis will become bearish to 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.