Bullish Trend Reversal In EUR/CHF
Trading is on the upside for resistance 1.1713, as break of resistance 1.1452 affirms the case of bullish trend reversal after support from 1.1154/98 zone. Pivot points are at: (S1) 1.1412; (P) 1.1451; (R1) 1.1509.
Break of support 1.1368 will point out completion of the bounce. Hitting of resistance 1.1713 will aline key resistance 1.2004.
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.