Diapason Trading In EUR/CHF
The decline from 1.1452 is progressing, touching the minimum of 1.1269. Trading stays on the downside to 1.1242 minimum. Following pivot points include: (S1) 1.1284; (P) 1.1328; (R1) 1.1353.
Breach will align a test on 1.1154/98 key support area. Over the minor resistance of 1.1343, trading will become neutral and more diapason trading will occur over 1.1242 level.
A medium term top of 1.2004 is viewed as correction. A support area of 1.1154/98 should retain downside. Breach of 1.2 key resistance is projected. The cluster level of 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 should draw recoil. Breach of the key resistance of 1.2 should occur in the medium- to long term. Decisive breach of 1.1154/98 will confirm a long term trend reversal.