Daily Pivots: (S1) 1.1500; (P) 1.1526; (R1) 1.1541; More….

Intraday bias in EUR/CHF remains neutral for the moment. Overall, price actions from 1.1622 are developing into corrective pattern. In case of another rise, upside will be limited by 1.1622 to bring another fall to extend the pattern. On the downside below 1.1497 minor support will likely start the third leg through 1.1387 support. But in that case, strong support in expect at 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251) to contain downside and bring rebound.

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 1.1198 resistance turned support holds.

No change in EUR/CHF’s outlook as it stayed in range of 1.0677/0762 last week. Initial bias remains neutral this week. Below 1.0677 will extend the corrective fall from 1.1198 and target 1.0620 key support level. On the upside, above 1.0762 will turn focus back to 1.0897 resistance. Decisive break there will suggest reversal and turn near term outlook bullish.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress and retest of 38.2% retracement of 0.9771 to 1.1198 at 1.0653 could be seen. Sustained trading below 1.0653 will target 50% retracement at 1.0485. Meanwhile, break of 1.0897 resistance will argue that the larger up trend is finally resuming for above 1.1198.

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Daily Pivots: (S1) 1.0902; (P) 1.0914; (R1) 1.0924; More….

EUR/CHF’s decline continues today and intraday bias remains on the downside. Sustained trading below 1.0915 resistance turned support will argue that whole rise from 1.0505 has completed at 1.11490. Deeper decline is on track to next support zone at 1.0737, (61.8% retracement of 1.0505 to 1.1149 at 1.0751). On the upside, through, above 1.0925 support turned resistance will turn intraday bias neutral first.

In the bigger picture, whole down trend from 2004 (2018 high) should have completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0505 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds. However, sustained break of 1.0915 will argue that rise from 1.0503 might be completed,. Rejection by 55 month EMA would also keep long term outlook bearish.

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) 1.0687; (P) 1.0702; (R1) 1.0722; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0065 is extending. As long as 1.0788 resistance holds, larger down trend might extend lower. But strong support is expected at 1.0629, which is close to 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648, to bring rebound. On the upside, break of 1.0788 will confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn bias to the upside.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and sustained break will put parity back into focus. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.1523; (P) 1.1551; (R1) 1.1595; More….

Break of 1.1565 suggests that recovery from 1.1387 has resumed. Intraday bias in EUR/CHF is turned back to the upside for retesting 1.1622 high. At this point, we’d still expect resistance from there to limit upside to bring another fall. Consolidation from 1.1622 would extend with another leg. On the downside, below 1.1483 minor support will turn bias to the downside for 1.1387 support and below.

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 1.1198 resistance turned support holds.

EUR/CHF breached 1.1027 resistance to 1.1034 last week but quickly reversed from there. Overall outlook is unchanged after all the volatility. Price actions from 1.0811 are seen as a consolidation pattern. upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption. On the downside, below 1.0910 will target 1.0811/63 support zone.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.0795; (P) 1.0812; (R1) 1.0834; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0824 temporary top might extend. Outlook is unchanged that consolidation pattern from 1.0915 has completed with three waves to 1.0661. On the upside, break of 1.0824 will target 1.0877 resistance to confirm this bullish case. However, break of 1.0772 support will likely extend the pattern with another falling leg and turn bias to the downside.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

Daily Pivots: (S1) 1.0837; (P) 1.0849; (R1) 1.0871; More…

Break of 1.0869 temporary top suggests resumption of recent rebound from 1.0629. Intraday bias is back on the upside for 1.0897 resistance first. t. Decisive break there should confirm our bullish view of reversal and will target 1.0999 resistance next. On the downside, break of 1.0798 support will is needed to indicate short term topping. Otherwise, outlook will remain cautiously bullish in cas of retreat.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Current strong rebound is raising the chance that it’s completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0652 support holds.

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.

Daily Pivots: (S1) 1.1337; (P) 1.1351; (R1) 1.1364; More…

Intraday bias in EUR/CHF remains neutral for the moment. Consolidation from 1.1444 is still in progress and could extend further. With 1.1310 support intact, further rise is still expected. 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.

Daily Pivots: (S1) 1.0653; (P) 1.0668; (R1) 1.0699; More…

EUR/CHF recovered after forming a temporary low at 1.0635. Intraday bias is turned neutral for consolidation. But break of 1.0749 resistance is needed to confirm short term bottoming. Otherwise, outlook remains bearish and deeper fall is expected. Below 1.0635 will target 1.0620 support. Decisive break there will confirm resumption of whole fall from 1.1198. In that case, next downside target will be 1.0485 fibonacci level.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. On the upside, break of 1.0897 resistance is needed to confirm completion of such fall. Otherwise, outlook will stay bearish.

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Daily Pivots: (S1) 1.0937; (P) 1.0947; (R1) 1.0961; More…

EUR/CHF edges higher with weak momentum. Intraday bias is cautiously on the upside for 1.0986/0999 resistance zone. Break there will extend whole rally from 1.0629 to 61.8% projection of 1.0652 to 1.0986 from 1.0830 at 1.1036. Meanwhile, below 1.0931 minor support will bring more consolidation before staging another rally.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0830 support holds.

Daily Pivots: (S1) 1.1764; (P) 1.1780; (R1) 1.1793; More…

Intraday bias in EUR/CHF stays neutral as range trading continues. As long as 1.1683 support holds, near term outlook stays bullish for further rally. Again, considering relatively weak upside momentum, in case of another rise, we’d expect strong resistance below 1.2 handle to bring medium term reversal. Break of 1.1683 support will be a early sign of reversal and turn focus to 1.1602 support.

In the bigger picture, while a medium term top could be around the corner, there is no change in the larger outlook. That is, long term rise from SNB spike low back in 2015 is still in progress and would extend. As long as 1.1198 resistance turned support holds, we’ll hold on to this bullish view and expect further rise to prior SNB imposed floor at 1.2000 and above. Though, we’ll reassess the outlook if 1.1198 is firmly taken out.

Daily Pivots: (S1) 1.0657; (P) 1.0670; (R1) 1.0681; More….

Intraday bias in EUR/CHF is turned neutral with today’s recovery, and some consolidations could be see. But break of 1.0764 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish. On the downside, break of 1.0656 will resume larger fall from 1.1149 to 100% projection of 1.1149 to 1.0694 from 1.0936 at 1.0481.

In the bigger picture, the rejection by 55 week EMA maintains medium term bearishness. Fall from 1.1149 (2021 high) is currently seen as the second leg of the patter from 1.0505 (2020 low) first. Hence, in case of deeper fall, we’d look for strong support from 1.0505 to bring rebound. However, sustained break of 1.0505 will resume the long term down trend from 1.2004 (2018 high). Also, medium term outlook will now be neutral at best as long as 1.0936 resistance holds.

Daily Pivots: (S1) 1.1039; (P) 1.1055; (R1) 1.1067; More….

EUR/CHF is staying in consolidation from 1.1149 and intraday bias remains neutral. Deeper decline might be seen but downside should be contained by 1.0954 to bring rebound, and then rally resumption. On the upside, break of 1.1116 will argue that larger rise from 1.0504 is ready to resume through 1.1149 high.

In the bigger picture, whole down trend from 1.2004 (2018 high) should have completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0503 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds.

Daily Pivots: (S1) 1.0923; (P) 1.0946; (R1) 1.0976; More…

No change in EUR/CHF’s outlook as rebound from 1.0811 is in progress. Further rise could be seen but upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, below 1.0886 minor support will turn bias to the downside for retesting 1.0811 low first.

In the bigger picture, down trend from 1.2004 is (2018 high) still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.0813; (P) 1.0843; (R1) 1.0872; More….

Range trading continues in EUR/CHF and intraday bias remains neural. We’re holding on to the view that consolidation pattern from 1.0915 has completed with three waves to 1.0661. On the upside, decisive break of 1.0877 should confirm this bullish case and target 1.0915 and above. On the downside, however, break of 1.0790 support will dampen this bullish case, and turn bias to the downside to extend the consolidation from 1.0915.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

Daily Pivots: (S1) 1.1497; (P) 1.1511; (R1) 1.1526; More….

Intraday bias in EUR/CHF remains on the upside as rebound from 1.1387 extends. Further rally could be seen. But break of 1.1622 is needed to confirm up trend resumption. Otherwise, the consolidation from should continue with risk of at least another fall. Below 1.1450 will turn bias to the downside for 1.1387 and below. Strong support in expect at 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251) to contain downside and bring rebound.

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 1.1198 resistance turned support holds.

EUR/CHF stayed in consolidation below 1.1476 and outlook is unchanged. Initial bias remains neutral this week first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1347) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term.