EUR/CHF: Consolidation Is In Store

Technical Reports

Trading is on the upside for further bounce, and overcoming of 1.2004 will point out uptrend resumption. Following pivot points include: (S1) 1.1914; (P) 1.1935; (R1) 1.1972.

More consolidation is awaited. Downside should be contained by support from 38.2% retracement of 1.1445 to 1.2004 at 1.1790 and bring a recoil.

A long term uptrend in the cross continues. The uptrend could extend to 1.2649 (2013 maximum), considering support 1.1445. There are no signals of trend reversal yet, despite 1.2000 was already met. Overcoming of 1.1445 will point out a medium term trend reversal.