Expansion of EUR/CHF’s Fall

Technical Reports

The fall from 1.1832 keeps expanding and it remains a correction for the medium term lift from 1.0629. Larger drop should reach a cluster support of 1.1355. Following pivot points include: (S1) 1.1552; (P) 1.1595; (R1) 1.1649.

Over 1.1636 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.