Daily Pivots: (S1) 1.1916; (P) 1.1950; (R1) 1.1973; More…
Intraday bias in EUR/CHF remains neutral at this point. Consolidation should be relatively brief as long as 1.1888 minor support holds and another rally is expected. Decisive break of 1.2 will pave the way to 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. However, considering bearish divergence condition in 4 hour MACD, break of 1.1888 will indicate short term topping. In that case, deeper pull back would be seen back to 1.1445/1832 support zone.