Resistance 3: Chf1.2100
Resistance 2: Chf1.2060
Resistance 1: Chf1.2010
Current price: Chf1.2004
Support 1: Chf1.1900
Support 2: Chf1.1830
Support 3: Chf1.1775
Comments:
The pare trades close to the channel top near Chf1.2010/20. Given
bearish divergences on the hourly charts correction is not ruled out.
Last session low Chf1.1890 and 100-MA on hourly chart currently at
Chf1.1870 look like the closest supports. Break out level and lower
bound of the channel at Chf1.1830 is the stronger level ahead of
Chf1.1780/60 and Chf1.1680. Another push higher to open the way to the upper bound of the rising
channel from July low currently near Chf1.2060 ahead of Chf1.2100.