Daily Pivots: (S1) 1.1425; (P) 1.1481; (R1) 1.1512; More…

EUR/CHF’s fall accelerates to as low as 1.1401 so far today. Intraday bias stays on the downside for 1.1366 low next. Break there will resume whole fall from 1.2004 and target 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319. On the upside, above 1.1460 minor resistance will turn intraday bias neutral and bring consolidations. But upside of recovery should be limited well below 1.1556 resistance to bring fall resumption.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen between 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1519; (P) 1.1539; (R1) 1.1551; More…

EUR/CHF’s decline from 1.1713 resumes by taking out 1.1489/ after brief recovery. Intraday bias is back on the downside. Decisive break of 1.1478 support will confirm our bearish view. That is corrective rebound from 1.1366 has completed at 1.1713. And, larger fall from 1.2004 is resuming. In that case, retest of 1.1366 should be seen next. On the upside, break of 1.1556 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain cautiously bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1519; (P) 1.1539; (R1) 1.1551; More…

EUR/CHF weakens mildly after hitting 4 hour 55 EMA. But it’s held well above 1.1489 temporary low. Intraday bias remains neutral and more consolidation could be seen. In case of another recovery, though, upside should be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1520; (P) 1.1535; (R1) 1.1561; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1489 temporary low. We’d expect upside of recovery to be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1491; (P) 1.1510; (R1) 1.1533; More…

A temporary low in formed at 1.14879 in EUR/CHF and intraday bias is turned neutral for some consolidation. But upside of recovery should be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1485; (P) 1.1515; (R1) 1.1532; More…

Intraday bias in EUR/CHF remains on the downside as fall from 1.1713 is in progress for 1.1478 support. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. Retest of 1.1366 low should then be seen. On the upside, break of 1.1603 resistance is needed to indicate completion of the fall from 1.1713. Otherwise, near term outlook will stay bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

EUR/CHF’s fall from 1.1713 extended last week as expected. Downside acceleration affirm our bearish view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Initial bias stays on the downside this week. Break of 1.1478 support will further confirm our view and target 1.1366 low. On the upside, break of 1.1603 resistance is needed to indicate completion of the fall from 1.1713. Otherwise, near term outlook will stay bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1517; (P) 1.1546; (R1) 1.1561; More…

No change in EUR/CHF’s outlook. Fall from 1.1713 is in progress for 1.1478 support first. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1603 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1553; (P) 1.1579; (R1) 1.1594; More…

Downside momentum in EUR/CHF is a bit unconvincing. But still, deeper decline is expected with 1.1637 minor resistance intact. Current fall from 1.1713 should target 1.1478 support first. . Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1561; (P) 1.1580; (R1) 1.1599; More…

No change in EUR/CHF’s outlook despite diminishing downside momentum. As long as 1.1637 minor resistance holds, deeper decline is expected to 1.1478 support. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1552; (P) 1.1581; (R1) 1.1597; More…

Despite diminishing downside momentum, intraday bias in EUR/CHF stays on the downside for further 1.1478 support. As noted before, the corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Break of 1.1478 will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1574; (P) 1.1590; (R1) 1.1614; More…

No change in EUR/CHF’s outlook. The corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Deeper fall is expected this week for 1.1478 support first. Break there will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

EUR/CHF gyrated lower last week as the decline from 1.1713 extended. Outlook remains unchanged that corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Deeper fall is expected this week for 1.1478 support first. Break there will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1552; (P) 1.1596; (R1) 1.1619; More…

EUR/CHF’s fall from 1.1713 resumes quickly after brief consolidation. Intraday bias is back on the downside for 1.1478 support. We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Break of 1.1478 will confirm and pave the way to 1.1366 low. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1605; (P) 1.1621; (R1) 1.1646; More…

Intraday bias in EUR/CHF is turned neutral with current recovery. But another fall is still in favor with 1.1653 minor resistance intact. We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Below 1.1593 will target 1.1478 support to confirm this case. However, above 1.1653 minor resistance will bring another rise. But in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1593; (P) 1.1612; (R1) 1.1629; More…

With 1.1653 minor resistance intact, further decline is expected in EUR/CHF for 1.1478 support. We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Break of 1.1478 will resume the whole decline from 1.2004 through 1.1366 low. On the upside, above 1.1653 minor resistance will bring another rise. But in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1592; (P) 1.1619; (R1) 1.1635; More…

We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Intraday bias in EUR/CHF stays on the downside for 1.1478 support. Break there should resume the whole decline from 1.2004 through 1.1366 low. On the upside, above 1.1653 minor resistance will bring another rise. But in the case, we’d continue to expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1619; (P) 1.1637; (R1) 1.1654; More…

Intraday bias in EUR/CHF remains mildly on the downside at this point. The corrective rebound from 1.1366 could have completed with three waves up to 1.1713 already. Deeper fall should be seen to 1.1478 support first. Break there should resume the whole decline from 1.2004 through 1.1366 low. On the upside, above 1.1668 will bring another rise. But in the case, we’d continue to expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

EUR/CHF edged higher to 1.1713 last week but dropped notably since then. The development argues that corrective rise from 1.1366 could have completed with three waves up to 1.1713 already. Further decline is expected this week as long as 1.1668 minor resistance holds, to 1.1478 support first. Break there will likely resume the whole corrective fall from 1.2004 through 1.1366 low. On the upside, above 1.1668 will bring another rise. But in the case, we’d continue to expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1619; (P) 1.1630; (R1) 1.1647; More…

For now, we’re favoring the case that corrective rise from 1.1366 has completed with three waves up to 1.1713 already. Deeper decline is expected as long as 1.1668 minor resistance holds, to 1.1478 support first. Break there will likely resume the whole corrective fall from 1.2004 through 1.1366 low. On the upside, above 1.1668 will bring another rise. But in the case, we’d continue to expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. Hence, we’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.