Daily Pivots: (S1) 1.1955; (P) 1.1974; (R1) 1.2004; More…
EUR/CHF’s rally extends today and reaches as high as 1.1996 so far, just inch below 1.2 handle. While it’s staying to lose upside momentum as seen in 4 hour MACD, intraday bias stays on the upside as long as 1.1959 minor support holds. Sustained break of 1.2 will extend the current up trend to 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. On the downside, below 1.1959 will turn bias neutral and bring consolidation first, before staging another rally.