Source: PaxForex Premium Analytics Portal, Technical Insight
On the Swiss franc front, investors keep an eye on Consumer Price Index (CPI) data. As the SNB is set to continue fighting excessive inflation, the EUR/CHF is unlikely to trade above parity, economists at Commerzbank report.
GBP/CHF,D1
Pivot: 1.1463
Analysis:
While the price is above 1.1200, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 1.1463
- Take Profit 1: 1.1600
- Take Profit 2: 1.1965
Alternative scenario:
If the level of 1.1200 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 1.1200
- Take profit 1: 1.0900
- Take profit 2: 1.0600
Comment:
RSI shows a bullish sentiment.
Key levels:
| Resistance | Support |
| 1.2000 | 1.1200 |
| 1.1965 | 1.0900 |
| 1.1600 | 1.0600 |
