EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1439; (P) 1.1475; (R1) 1.1495; More… .

EUR/CHF is still staying in consolidation from 1.1537 and intraday bias remains neutral for the moment. In case of another fall, downside should be contained by 38.2% retracement of 1.0830 to 1.1537 at 1.1267 to bring rebound. On the upside, break of 1.1537 resistance will confirm resumption of larger rally from 1.0629. In that case, EUR/CHF should target 1.2 key resistance level next.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1087 resistance turned support holds.

Featured Analysis

Learn Forex Trading