Correction In EUR/CHF Has Completed

Technical Reports

Trading is on the upside for resistance 1.1452. Further growth to resistance 1.1713 is expected. Pivot points are at: (S1) 1.1325; (P) 1.1354; (R1) 1.1384.

Break of resistance 1.1452 should confirm the case of bullish trend reversal. Correction from 1.2004 has completed at 1.1178 after hitting key support zone 1.1154/98. Trading below minor support 1.1317 will become neutral.

Price moves from a medium term top 1.2004 are corrective. A break of key resistance 1.2 is still expected in the medium term long term. Downside should be contained by support zone of 1.1198 and 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Overcoming of support zone 1.1198 will point out a long term trend reversal. In that case, 1.0629 key support will be back into focus.