Another Rally in EUR/CHF

Technical Reports

Trading of the cross is still on the upside. Another rally should hit 1.2 handle. Breach will align 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. Following pivot points include: (S1) 1.1834; (P) 1.1862; (R1) 1.1887.

Under the minor support of 1.1826, trading will turn up in the neutral position. The pull back will be limited over 1.1649 support, causing further lift.

Strong breach of 1.1832 should prolong the medium term uptrend, surpassing the SNB imposed floor of 1.2000. Then, the maximum of 1.2649 will be aligned. If 1.1445 support is present, the forecast will stay bullish.