Euro franc technical analysis upd.

Trading Talks EUR/CHF May 16

The key support at 1.041 may become the foundation for the formation of the next impulse. EMA 200 is still standing and resisting, although I would highlight 1.0505 as a more important key level. This means that the formation of a corrective or horizontal movement will follow further, after which further growth is possible, up to 1.0608 and an important level 1.0680, which can open the way to 1.0820. But it’s still too early to talk about high levels before 1.0608 is reached.
During the current correction, it is possible to fall to 1.0366 last week’s level and form a horizontal channel.