EUR/CHF Remains In Consolidation

Technical Reports

Trading tone remains neutral for consolidation above 1.1343. The corrective growth from 1.1173 has completed at 1.1501. Pivot points are at: (S1) 1.1376; (P) 1.1398; (R1) 1.1426.

Break of 1.1501 will point out growth resumption. Still, deeper fall to key support zone 1.1154/98 is possible. Trading above minor resistance 1.1429 will turn focus back to 1.1501.

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.