Neutral Trading In EUR/CHF
Trading tone is neutral, as a short term bottom is likely in pace. Overcoming of minor resistance 1.1301 will aline resistance 1.1356. Pivot points are at: (S1) 1.1250; (P) 1.1275; (R1) 1.1308.
It is forecast, that strong support inside key support zone 1.1154/98 will bring trend reversal. Trading below 1.1224 will extend the fall 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.