Consolidation In EUR/CHF
Trading tone remains neutral for consolidation from 1.1343. The corrective growth from 1.1173 has completed at 1.1501. Trading below 1.1343 will aline key support zone 1.1154/98. Pivot points are at: (S1) 1.1386; (P) 1.1402; (R1) 1.1425.
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.