Correction For EUR/CHF’s Increase

Technical Reports

Trading of the cross stays on the downside. Correction for increase from 1.0629 is a decline from 1.1832. Following pivot points include: (S1) 1.1561; (P) 1.1623; (R1) 1.1658.

Larger decrease should align a cluster support of 1.1355. Over 1.1684 minor resistance trading will turn up in the neutral position.

A medium term top should be formed at 1.1832. Long term reversal hasn’t been confirmed yet. If resistance turned support of 1.1198 stands, further increase should surpass SNB imposed floor of 1.2000.