EUR/CHF: Credit Suisse aiming for the solid resistance level at 1.20

Credit Suisse notes a bullish configuration in the event of a break and close above 1.1742/50.

"A close above current levels is needed to confirm the uptrend. The next major barrier is at the January high, at 1.1832. The next resistance after that is at 1.1998/1.20. This threshold is a solid resistance.

Support is at 1.1695/87 followed by 1.1677/73. This support area should hold to avoid the formation of a top that could roll the cross back to 1.1639", says Credit Suisse.