Daily Pivots: (S1) 1.1271; (P) 1.1288; (R1) 1.1321; More…

Intraday bias in EUR/CHF remains on the upside as rise from 1.1162 is in progress for 1.1310 support turned resistance. Firm break there will target 1.1444 key resistance next. On the downside, below 1.1245 minor support will turn bias back to the downside for 1.1154 key fibonacci level instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1243; (P) 1.1262; (R1) 1.1280; More…

EUR/CHF’s rebound from 1.1162 is still in progress. Intraday bas remains on the upside for 1.1310 support turned resistance first. Firm break there will target 1.1444 key resistance next. On the downside, below 1.1240 minor support will turn bias back to the downside for 1.1154 key fibonacci level instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1243; (P) 1.1262; (R1) 1.1280; More…

Intraday bias in EUR/CHF remains on the upside at this point. A short term bottom was formed at 1.1162, ahead of 1.1154 key fibonacci support. Further rise would be seen to 1.1310 support turned resistance first. Break will target 1.1444. On the downside, below 1.1207 minor support will turn bias back to the downside for 1.1154 instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1221; (P) 1.1239; (R1) 1.1267; More…

EUR/CHF’s rebound from 1.1162 extends higher today and break of 1.1256 minor resistance suggests short term bottoming at 1.1162, ahead of 1.1154 key fibonacci support. Intraday bias is back on the upside for 1.1310 support turned resistance first. Break will target 1.1444. On the downside, below 1.1207 minor support will turn bias back to the downside for 1.1154 instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1221; (P) 1.1239; (R1) 1.1267; More…

Despite yesterday’s recovery, EUR/CHF fails to sustain above 1.1256 minor resistance so far, intraday bias remains neutral first. As long as 1.1256 minor resistance holds, near term outlook remains bearish and further decline is expected. On the downside, decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn bias back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1205; (P) 1.1223; (R1) 1.1237; More…

Intraday bias in EUR/CHF remains neutral and corrective recovery from 1.1162 might extend. But still, as long as 1.1256 minor resistance holds, near term outlook remains bearish and further decline is expected. On the downside, decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn bias back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

EUR/CHF’s corrective recovery from 1.1162 extended higher last week. Initial bias stays neutral first and more consolidative could be seen. But after all, as long as 1.1256 minor resistance holds, near term outlook remains bearish and further decline is expected. On the downside, decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn bias back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

In the long term picture, the current development argues that long term up trend has completed at 1.2004 after rejection of 1.2 key resistance. Sustained break of 1.1198 support will confirm this bearish case and target 1.0629 and below.

Daily Pivots: (S1) 1.1206; (P) 1.1217; (R1) 1.1232; More…

Intraday bias in EUR/CHF remains neutral for the moment and consolidation from 1.1620 might extend. Further decline is still expected as long as 1.1256 minor resistance holds. On the downside, decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1167; (P) 1.1186; (R1) 1.1202; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1162 temporary low is extending. For now, further decline is expected as long as 1.1256 minor resistance holds. Decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.2004. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1178; (P) 1.1191; (R1) 1.1215; More…

A temporary low is formed at 1.1162 in EUR/CHF and intraday bias is turned neutral first. Further fall is expected as long as 1.1256 minor resistance holds. Decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.12555. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. However, break of 1.1256 will indicate short term bottoming and turn back to the upside for 1.1310 support turned resistance first.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1146; (P) 1.1174; (R1) 1.1191; More…

Despite loss of downside momentum, further decline is still in favor in EUR/CHF with 1.1256 resistance intact. Decisive break of 1.1154 key fibonacci level will confirm resumption of whole downtrend from 1.12555. That should then pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. For now outlook will remain bearish as long as 1.1256 minor resistance holds, in case of recovery.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Despite diminishing downside momentum as seen in 4 hour MACD, EUR/CHF dropped further to as low as 1.1163 last week. Break of 1.1173 low should indicate resumption of medium term decline from 1.2555. But decisive break of 1.1154 fibonacci level is needed to confirm. But in any case, further decline is expected this week as long as 1.1256 resistance holds, even in case of recovery. Firm break of 1.1154 will pave the way to 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

In the long term picture, the current development argues that long term up trend has completed at 1.2004 after rejection of 1.2 key resistance. Sustained break of 1.1198 support will confirm this bearish case and target 1.0629 and below.

Daily Pivots: (S1) 1.1161; (P) 1.1188; (R1) 1.1201; More…

While EUR/CHF is losing some downside momentum as seen in 4 hour MACD, further decline is expected as long as 1.1256 minor resistance holds. Decisive break of 1.1173 low (inside 1.1154/98 key support zone) will carry larger bearish implication and could trigger downside acceleration. Next downside target will be 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. On the upside, though, break of 1.1256 minor resistance will turn bias back to the upside for recovery to 1.1310 support turned resistance.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1166; (P) 1.1194; (R1) 1.1214; More…

EUR/CHF drops to as low as 1.1173 so far and intraday bias remains on the downside. Decisive break of 1.1173 low (inside 1.1154/98 key support zone) will carry larger bearish implication and could trigger downside acceleration. Next downside target will be 61.8% projection of 1.2004 to 1.1173 from 1.1444 at 1.0930. On the upside, though, break of 1.1256 minor resistance will turn bias back to the upside for recovery to 1.1310 support turned resistance.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1188; (P) 1.1217; (R1) 1.1235; More…

EUR/CHF’s decline resumed after brief consolidation and intraday bias is back on the downside. Decisive break of 1.1173 low (inside 1.1154/98 key support zone) will carry larger bearish implication and could trigger downside acceleration. On the upside, though, break of 1.1256 minor resistance will turn bias back to the upside for recovery to 1.1310 support turned resistance.

In the bigger picture, with last week’s sharp decline, price actions from 1.1173 are now looking more like a consolidation that’s completed at 1.1444. Bearishness is also reflected in multiple rejection by 55 week EMA. Immediate focus is back on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. 1.0629 support will be next target.

Daily Pivots: (S1) 1.1209; (P) 1.1233; (R1) 1.1252; More…

EUR/CHF lost downside momentum ahead of 1.1173 low (inside 1.1154/98 key support zone). Intraday bias is turned neutral first. Further decline is mildly in favor as long as 1.1298 minor resistance holds. Decisive break of 1.1154/98 will carry larger bearish implication. On the upside, above 1.1298 minor resistance will turn bias back to the upside for rebound.

In the bigger picture, with last week’s sharp decline, price actions from 1.1173 are now looking more like a consolidation that’s completed at 1.1444. Bearishness is also reflected in multiple rejection by 55 week EMA. Immediate focus is back on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. 1.0629 support will be next target.

Daily Pivots: (S1) 1.1192; (P) 1.1246; (R1) 1.1280; More…

Intraday bias in EUR/CHF remains on the downside for 1.1173 low, which is inside 1.1154/98 key support zone. We’d look for strong support from there to bring rebound. But decisive break will carry larger bearish implication. On the upside, above 1.1298 minor resistance will turn bias back to the upside for rebound.

In the bigger picture, with last week’s sharp decline, price actions from 1.1173 are now looking more like a consolidation that’s completed at 1.1444. Bearishness is also reflected in multiple rejection by 55 week EMA. Immediate focus is back on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. 1.0629 support will be next target.

EUR/CHF dropped sharply to as low as 1.1212 last week. The strong break of 1.1310 support confirmed that rebound from 1.1181 has completed at 1.1444. Initial bias remains on the downside this week for retesting 1.1173 low, as well as 1.1154/98 key support zone. We’d look for strong support from there to bring rebound. But decisive break will carry larger bearish implication. On the upside, above 1.1298 minor resistance will turn bias back to the upside for rebound.

In the bigger picture, with last week’s sharp decline, price actions from 1.1173 are now looking more like a consolidation that’s completed at 1.1444. Bearishness is also reflected in multiple rejection by 55 week EMA. Immediate focus is back on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. 1.0629 support will be next target.

In the long term picture, the current development argues that long term up trend has completed at 1.2004 after rejection of 1.2 key resistance. Sustained break of 1.1198 support will confirm this bearish case and target 1.0629 and possibly below.

Daily Pivots: (S1) 1.1256; (P) 1.1295; (R1) 1.1325; More…

EUR/CHF dropped sharply to as low as 1.1266. The break of 1.1310 support confirms resumption of fall from 1.1444. Intraday bias is back on the downside for retesting 1.1181 low next. On the upside, break of 1.1384 resistance is needed to confirm completion of the decline. Otherwise, further fall remains in favor in case of recovery.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone to complete it and bring rebound. Decisive break of 1.1501 (38.2% retracement of 1.2004 to 1.1173 at 1.1490) will confirm completion of the correction. Further rise should be seen to 61.8% retracement at 1.1687 and above next.

Daily Pivots: (S1) 1.1313; (P) 1.1333; (R1) 1.1348; More…

EUR/CHF dropped notably but it’s staying above 1.1310 support. Intraday bias remains neutral and further rise remains mildly in favor. On the upside, firm break of 1.1444 resistance will resume the rebound from 1.1181 and target 1.1501 key resistance next. On the downside, firm break of 1.1310 will indicate completion of the rebound. In that case, intraday bias will be turned back to the downside for 1.1181 low again.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone to complete it and bring rebound. Decisive break of 1.1501 (38.2% retracement of 1.2004 to 1.1173 at 1.1490) will confirm completion of the correction. Further rise should be seen to 61.8% retracement at 1.1687 and above next.