No Significant Changes in EUR/CHF’s Prognosis
The consolidation from 1.1445 is resuming. If the whole 1.1639 resistance stands, forecast remains slightly bearish and larger drop is favored. Following pivot points include: (S1) 1.1521; (P) 1.1540; (R1) 1.1571.
Breach of 1.1445 will extend the corrective decrease from 1.1832 and align the cluster support of 1.1355. Sustained support from that area will restrain downside and cause recoil.
According to bearish divergence in daily MACD, 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 1.2000 SNB imposed floor.