Rally in EUR/CHF

Technical Reports

Rally from 1.1445 is extending. Another lift should align a repeat test of 1.1832 resistance. Choppy resistance from that area will cause further drop and prolong the corrective pattern. Following pivot points include: (S1) 1.1727; (P) 1.1750; (R1) 1.1763.

Strong breach will indicate restoration of bigger uptrend. Breach of 1.1649 support will align 1.1445 level.

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.