Daily Pivots: (S1) 1.1834; (P) 1.1862; (R1) 1.1887; More…
Intraday bias in EUR/CHF remains on the upside and further rally is expected to 1.2 handle first. Break will target 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188 next. On the downside, below 1.1826 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.1649 support to bring another rise.
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 1.2649should be the next target. Outlook will remain bullish as long as 1.1445 support holds, even in case of deep pull back.
