EUR/CHF’s Recommencement

Technical Reports

Bigger drop is projected if 1.1639 minor resistance is present. Decline from 1.1832 is a correction for medium term increase from 1.0629. Following pivot points include: (S1) 1.1521; (P) 1.1575; (R1) 1.1638.

EUR/CHF should align a cluster support of 1.1355. Over 1.1639, a temporary bottoming will be confirmed and the cross will recommence.

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.