EUR/CHF Trading Sideways

Technical Reports

Trading tone remains neutral with a temporary low at 1.1303. The fall from 1.1501 is a corrective. Pivot points are at: (S1) 1.1295; (P) 1.1319; (R1) 1.1336.

Break of minor resistance 1.1356 will turn trading back to the upside for resistance 1.1433. In case of another fall, downside should be contained by strong support from 61.8% retracement of 1.1173 to 1.1501 at 1.1298. Overcoming of 1.1298 will turn focus back to low 1.1173.

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.