Daily Pivots: (S1) 1.1844; (P) 1.1862; (R1) 1.1874; More…
Intraday bias in EUR/CHF remains neutral for consolidation below 1.1888 temporary top. Downside of retreat should be contained by 1.1748 minor support to bring rise resumption. Above 1.1888 will target 1.2 handle, and then 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188.
In the bigger picture, decisive break of 1.1832 should now extend the medium term up trend through prior SNB imposed floor at 1.2000. 2013 high at 1.2649 should be the next target. Outlook will remain bullish as long as 1.1445 support holds, even in case of deep pull back.
