EUR/CHF: Corrective Growth Has Completed

Technical Reports

Trading is on the downside, as break of minor support 1.1392 indicates completion of the corrective growth from 1.1173 at 1.1501. Trading above minor resistance 1.1429 will turn focus back to 1.1501. Pivot points are at: (S1) 1.1341; (P) 1.1381; (R1) 1.1408.

Break of 1.1501 will point out growth resumption. Still, deeper fall to key support zone 1.1154/98 is possible.

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.