EUR/CHF’s Short Term Minimum
Trading of the cross remains neutral till consolidation over the short term minimum of 1.1540. If EUR/CHF keeps recommencing, 1.1684 resistance will restrict the upside and decline will resume. Following pivot points include: (S1) 1.1551; (P) 1.1579; (R1) 1.1609.
The fall from 1.1832 is a correction for medium term surge from 1.0629. Under 1.1540, EUR/CHF will head towards the cluster support of 1.1355.
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.