EUR/CHF’s rebound from 1.0694 resumed later week after some consolidations. Initial bias stays on the upside this week for 1.0985 resistance first. Sustained break there will target a test on 1.1149 high. On the downside, however, break of 1.0837 support will argue that the rebound has completed, and turn bias back to the downside for 1.0694 low.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

Daily Pivots: (S1) 1.0878; (P) 1.0898; (R1) 1.0938; More….

EUR/CHF’s rise from 1.0694 resumed by taking out 1.0902 temporary top. Intraday bias is back on the upside for 1.0985 resistance next. On the downside, break of 1.0837 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0848; (P) 1.0860; (R1) 1.0879; More….

Intraday bias in EUR/CHF remains neutral and further rise is in favor with 1.0833 support intact. On the upside, break of 1.0902 will resume the rise from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0842; (P) 1.0874; (R1) 1.0892; More….

EUR/CHF retreated quickly after edging higher to 1.0902 and intraday bias is turned neutral again. On the upside, break of 1.0902 will resume the rise from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0856; (P) 1.0877; (R1) 1.0914; More….

EUR/CHF is staying in range below 1.0899 and intraday bias remains neutral first. Further rise is still in favor and break of break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0859; More….

Intraday bias in EUR/CHF remains neutral at this point. Another rise is mildly in favor for now and break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, sustained trading below 55 day EMA (now at 1.0826) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF edged higher to 1.0899 last week but retreated since then. Initial bias remains neutral this week for some consolidations first. Another rise is mildly in favor for now and break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, sustained trading below 55 day EMA (now at 1.0825) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

Daily Pivots: (S1) 1.0816; (P) 1.0857; (R1) 1.0878; More….

Intraday bias in EUR/CHF is turned neutral with break of 1.0843 minor support. Some consolidations could be seen. But we’d still favoring another rally for now. Break of 1.0898 will resume the rebound from 1.0694 to 1.0985 resistance next. However, sustained trading below 55 day EMA (now at 1.0825) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0874; (P) 1.0887; (R1) 1.0909; More….

Intraday bias in EUR/CHF remains mildly on the upside with 1.0843 minor support intact. Current rise from 1.0694 would target 1.0985 resistance next. On the downside, below 1.0843 minor support will turn bias neutral and bring consolidations again first.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0860; (P) 1.0875; (R1) 1.0905; More….

EUR/CHF’s rise from 1.0694 resumed after brief retreat and intraday bias is back on the upside. Next target is 1.0985 resistance. On the downside, below 1.0843 minor support will turn bias neutral and bring consolidations again first.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0851; (P) 1.0865; (R1) 1.0879; More….

A temporary top is formed at 1.0878 in EUR/CHF as it loses upside momentum. Intraday bias is turned neutral first. Fall from 1.1149 could have completed at 1.0694. Further rise is in favor as long as 1.0780 support holds. Break of 1.0878 will target 1.0985 resistance next. However, on the downside, break of 1.0780 will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

Daily Pivots: (S1) 1.0845; (P) 1.0859; (R1) 1.0870; More….

Intraday bias in EUR/CHF remains mildly on the upside as rise from 1.0694 is still in progress. Current development suggests that fall from 1.1149 has completed already. Further rally is expected to 1.0985 resistance next. However, on the downside, break of 1.0780 will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF’s rebound from 1.0694 short term bottom continued last week. The break of 1.0839 resistance argues that fall from 1.1149 might be completed already. Further rise is expected this week as long as 1.0780 support holds, for 1.0985 resistance next. However, on the downside, break of 1.0780 will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

Daily Pivots: (S1) 1.0840; (P) 1.0852; (R1) 1.0871; More….

Current development suggests that fall from 1.1149 has completed at 1.0694 already. Intraday bias stays on the upside for 1.0985 resistance next. Firm break there will bring further rise to retest 1.1149 high. On the downside, however, break of 1.0780 minor support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 1.0815; (P) 1.0833; (R1) 1.0859; More….

EUR/CHF’s breach of 108.39 resistance suggests that the fall form 1.1149 has completed at 1.0694. Intraday bias stays mildly on the upside for 1.0863/0985 resistance zone. On the downside, however, break of 1.0780 minor support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 1.0783; (P) 1.0808; (R1) 1.0833; More….

Intraday bias in EUR/CHF remains on the upside, as rebound from 1.0694 is on track to 1.0839 resistance. Sustained break there will turn near term outlook bullish for 1.0863/0985 resistance zone. On the downside, however, break of 1.0780 minor support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 1.0771; (P) 1.0799; (R1) 1.0849; More….

EUR/CHF’s rebound from 1.0694 resumed after brief retreat and intraday bias is back on the upside for 1.0839 resistance. Sustained break there will turn near term outlook bullish for 1.0863/0985 resistance zone. On the downside, break of 1.0739 will turn bias back to the downside for 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 1.0728; (P) 1.0762; (R1) 1.0783; More….

Intraday bias in EUR/CHF remains neutral for the moment. With 1.0839 resistance intact, outlook remains bearish and further decline is expected. On the downside, firm break of 1.0694 will resume larger fall from 1.1149, to 138.2% projection of 1.1149 to 1.0863 from 1.0985 at 1.0590 next.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

EUR/CHF rebounded to as high as 1.0804 last week but retreated sharply since then. Initial bias remains neutral this week first. With 1.0839 resistance intact, outlook remains bearish and further decline is expected. On the downside, firm break of 1.0694 will resume larger fall from 1.1149, to 138.2% projection of 1.1149 to 1.0863 from 1.0985 at 1.0590 next.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

Daily Pivots: (S1) 1.0752; (P) 1.0779; (R1) 1.0815; More….

Intraday bias in EUR/CHF remains neutral for the moment. With 1.0839 resistance intact, outlook remains bearish and further decline is expected. On the downside, break of 1.0694 will resume larger fall from 1.1149. Next target is 61.8% projection of 1.0985 to 1.0715 from 1.0839 at 1.0672 first. Break will target 100% projection at 1.0569 next.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0863) holds. Break of 1.0505 low would be seen at a later stage.