Daily Pivots: (S1) 1.1955; (P) 1.1974; (R1) 1.2004; More…
EUR/CHF continues to lose upside momentum as it’s pressing 1.2 handle. But further rise is expected as long as 1.1956 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 1.1956 will turn bias turn bias to the downside for retreat to 4H 55 EMA (now at 1.1898) or below before staging another rally.