Neutral Trading In EUR/CHF
Trading is neutral, but another fall is not excluded, while minor resistance 1.1470 keeps. Pivot points are at: (S1) 1.1361; (P) 1.1392; (R1) 1.1438.
Trading below 1.1334 will indicate resumption of the fall from 1.1501 and aline key support zone 1.1154/98. Break of resistance 1.1501 will indicate the case of trend reversal. Overcoming of 1.1470 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.