Neutral Trading Of EUR/CHF
Trading tone remains neutral, as the cross retreated after reaching 1.1414. Further growth is expected while support 1.1221 keeps. Pivot points are at: (S1) 1.1321; (P) 1.1369; (R1) 1.1426.
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. Hitting of 1.1221 will turn focus back to key support zone 1.1154/98.
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.