EUR/CHF's Short Term Top

Technical Reports

Trading tone of the cross is neutral to consolidation under the short term top of 1.1888. The minor support of 1.1748 should restrain downside of the pull back and cause a lift restoration. Following pivot points include: (S1) 1.1844; (P) 1.1862; (R1) 1.1874.

Over 1.1888, EUR/CHF will align 1.2 handle, and 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188.

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.