EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9889; (P) 0.9918; (R1) 0.9937; More….

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the upside, break of 0.9953 minor resistance will suggests short term bottoming at 0.9804, on bullish convergence condition in 4 hour MACD. Intraday bias will be back on the upside for 55 day EMA (now at 1.0125). on the downside, break of 0.9804 will resume larger down trend to 0.9650 long term projection level.

In the bigger picture,long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9858; (P) 0.9896; (R1) 0.9954; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 0.9953 minor resistance will suggests short term bottoming at 0.9804, on bullish convergence condition in 4 hour MACD. Intraday bias will be back on the upside for 55 day EMA (now at 1.0125). on the downside, break of 0.9804 will resume larger down trend to 0.9650 long term projection level.

In the bigger picture,long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9826; (P) 0.9850; (R1) 0.9874; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 0.9804 temporary low. Upside of recovery should be limited by 1.0044 resistance. Break of 0.9804 will resume larger down trend to 0.9650 long term projection level.

In the bigger picture,long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Weekly Outlook

EUR/CHF’s down trend continued to 0.9804 last week but turned sideway since then. As a temporary low was formed, initial bias is neutral this week for some consolidations. Upside of recovery should be limited by 1.0044 resistance. Break of 0.9804 will resume larger down trend to 0.9650 long term projection level.

In the bigger picture,long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0808).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9827; (P) 0.9856; (R1) 0.9885; More….

EUR/CHF continues to lose downside momentum but there is no clear sign of bottoming yet. Further decline is in favor to 0.9650 long term projection level next. On the upside, above 0.9953 minor resistance will turn intraday bias back to the upside for stronger rebound first.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9807; (P) 0.9846; (R1) 0.9884; More….

EUR/CHF is losing some downside momentum as seen in 4 hour MACD. But further decline is still in favor with 0.9953 minor resistance intact. Current down trend should target 0.9650 long term projection level. On the upside, above 0.9953 minor resistance will turn intraday bias back to the upside for stronger rebound first.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9826; (P) 0.9862; (R1) 0.9888; More….

Intraday bias in EUR/CHF stays on the downside for the moment. Current down trend should target 0.9650 long term projection level. On the upside, above 0.9953 minor resistance will turn intraday bias neutral again, and bring consolidations, before staging another fall.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9834; (P) 0.9893; (R1) 0.9931; More….

EUR/CHF’s down trend resumed after brief consolidations. Intraday bias is back on the downside. Next target is 0.9650 long term projection level. On the upside, above 0.9953 minor resistance will turn intraday bias neutral again, and bring consolidations, before staging another fall.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9889; (P) 0.9922; (R1) 0.9977; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 0.9864 temporary low. Upside of recovery should be limited well below 1.0216 support turned resistance to bring another fall. On the downside, break of 0.9864 will resume larger down trend to 0.9650 long term projection level.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Weekly Outlook

EUR/CHF’s down trend continued last week and hit as low as 0.9864. But a temporary low was formed with subsequent recovery. Initial bias is neutral this week for some consolidations first. Upside of recovery should be limited well below 1.0216 support turned resistance to bring another fall. Below 0.9864 will target 0.9650 long term projection level.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0808).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9872; (P) 0.9901; (R1) 0.9929; More….

Further decline is expected in EUR/CHF despite loss of downside momentum. Current down trend should target 0.9650 long term projection level. On the upside, break of 1.0044 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9859; (P) 0.9903; (R1) 0.9931; More….

EUR/CHF’s down trend is still in progress. Intraday bias stays on the downside for 0.9650 long term projection level. On the upside, break of 1.0044 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9901; (P) 0.9966; (R1) 1.0008; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current down trend should target 0.9650 long term projection level. On the upside, break of 1.0044 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9982; (P) 1.0014; (R1) 1.0052; More….

EUR/CHF’s down trend resumes by breaking 0.9943 temporary low. Intraday bias is back on the downside. Next target if 0.9650 long term projection level. On the upside, break of 1.0044 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9982; (P) 1.0014; (R1) 1.0052; More….

Intraday bias in EUR/CHF stays neutral and outlook remains bearish with 1.0155 resistance intact. On the downside, sustained trading below 0.9970 will resume larger down trend for 0.9650 long term projection level. For now, outlook will stay bearish as long as 1.0155 resistance holds, in case of stronger recovery.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9975; (P) 1.0009; (R1) 1.0039; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 0.9943 temporary low. On the downside, sustained trading below 0.9970 will resume larger down trend for 0.9650 long term projection level. For now, outlook will stay bearish as long as 1.0155 resistance holds, in case of stronger recovery.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Weekly Outlook

EUR/CHF dropped to as low as 0.9943 last week and breached 0.9970 low. But a temporary low was formed and it quickly recovered. Initial bias is neutral this week first. On the downside, sustained trading below 0.9970 will resume larger down trend for 0.9650 long term projection level. For now, outlook will stay bearish as long as 1.0155 resistance holds, in case of recovery.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0840).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9965; (P) 0.9990; (R1) 1.0034; More….

Intraday bias in EUR/CHF is turned neutral first with 4 hour MACD crossed above signal line. Deeper decline is expected as long as 1.0155 resistance holds. Sustained trading below 0.9970 will resume larger down trend for 0.9650 long term projection level. On the upside, however, above 1.0155 resistance will delay the bearish case, and turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9931; (P) 1.0004; (R1) 1.0041; More….

Intraday bias in EUR/CHF stays on the downside at this point. Sustained break of 0.9970 low will resume larger down trend. Next target is 0.9650 long term projection level. On the upside, however, above 1.0214 minor resistance will delay the bearish case, and turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0042; (P) 1.0086; (R1) 1.0117; More….

EUR/CHF’s fall continues today and breaches parity to as low as 0.9990 so far. Intraday bias stays on the downside for retesting 0.9970 low. Decisive break there will resume larger down trend. Next target is 0.9650 long term projection level. On the upside, however, above 1.0214 minor resistance will delay the bearish case, and turn bias back to the upside for stronger rebound.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.