Daily Pivots: (S1) 0.9612; (P) 0.9643; (R1) 0.9659; More…

Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish with 0.9721 support turned resistance intact. On the downside, break of 0.9606 will resume larger decline from 1.0095 to 100% projection of 0.9995 to 0.9670 from 0.9840 at 0.9515.

In the bigger picture, medium term outlook is staying bearish as the pair is capped below falling 55 W EMA (now at 0.9913). Down trend form 1.2004 (2018 high) is in favor to extend through 0.9407 at a later stage. Nevertheless, decisive break of 38.2% retracement of 1.1149 to 0.9407 will raise the chance of bullish trend reversal.

Daily Pivots: (S1) 0.9478; (P) 0.9488; (R1) 0.9504; More…

Intraday bias in EUR/CHF remains neutral and more consolidations could be seen below 0.9510. Downside of retreat should be contained by 0.9413 minor support to bring another rally. On the upside, break of 0.9510 target 0.9574 fibonacci level next.

In the bigger picture, price actions from 0.9252 are tentatively seen as a correction to the five-wave down trend from 1.0095 (2023 high). Further rise would be seen to 38.2% retracement of 1.0095 to 0.9252 at 0.9574 and possibly above. But overall medium term outlook will remain bearish as long as 0.9683 resistance holds.

Daily Pivots: (S1) 0.9251; (P) 0.9296; (R1) 0.9318; More…

Intraday bias in EUR/CHF remains neutral and consolidation from 0.9252 could extend further. Outlook stays bearish as long as 0.9402 support turned resistance holds. On the downside, break of 0.9252 will resume larger down trend. Next target is 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next.

In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Current fall from 1.2004 (2018 high) is part of the multi-decade down trend. Next target is 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.

Daily Pivots: (S1) 1.0740; (P) 1.0785; (R1) 1.0823; More…

Intraday bias in EUR/CHF remains neutral with focus on 1.0744 minor support. As long as this support holds, further rise remains in favor. On the upside, break of 1.0915 will extend the rally from 1.0503 to 1.1059/76 cluster resistance zone next. However, firm break of 1.0744 will indicate short term topping and bring deeper decline back to 55 day EMA (now at 1.0638).

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.

Daily Pivots: (S1) 1.0858; (P) 1.0897; (R1) 1.0920; More….

Intraday bias in EUR/CHF is turned neutral with current retreat from 1.0936 temporary top. Further rally remains in favor as long as 1.0837 support holds. On the upside, break of 1.0936 will resume the rise form 1.0694 to 1.0985 resistance first. Sustained break there will pave the way to retest 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.

EUR/CHF stayed in consolidation from 1.0811 short term bottom last week and outlook is unchanged. Initial bias stays neutral this week and more corrective trading could be seen. Further rise cannot be ruled out. 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, break of 1.0811 will resume larger down trend from 1.2004.

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) 1.0624; (P) 1.0651; (R1) 1.0665; More…

EUR/CHF’s break of 1.0635 suggests resumption of whole decline from 1.0915. Intraday bias is back on the downside for retesting 1.0503 low. On the upside, break of 1.0711 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain cautiously bearish in case of recovery.

In the bigger picture, as long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, price actions from 1.0503 are seen as a consolidation pattern. That is, down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1049/76 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) 1.0237; (P) 1.0264; (R1) 1.0301; More….

EUR/CHF’s break of 1.0289 minor resistance suggests that pull back from 1.0369 has completed. Intraday bias is back on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside,e below 1.0186 will extend the corrective pattern from 1.0400 with deeper fall back to 1.0086 support.

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.

Daily Pivots: (S1) 1.1574; (P) 1.1596; (R1) 1.1636; More…

Intraday bias remains neutral in EUR/CHF and outlook is unchanged. With 1.1483 support intact, further rally is expected. On the upside, above 1.1663 minor resistance will turn bias back to the upside for 1.1709 high. Break will resume medium term rally to 1.2 key level. However, break of 1.1483 will be an early sign of reversal. In that case, deeper decline should be seen back to 1.1355 support.

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 1.1355 support holds. However, break of 1.1355 will indicate medium term topping. In that case, EUR/CHF should head back to 55 week EMA (now at 1.1105) and possibly below.

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) 0.9760; (P) 0.9805; (R1) 0.9858; More…

Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that fall from 0.9995 is a correction to rise from 0.9704 only. Break of 0.9878 resistance will indicate that such correction has completed and target 0.9995. Firm break there should confirm that larger corrective decline from 1.0095 has completed at 0.9704 too.

In the bigger picture, prior rejection by 55 W EMA (now at 0.9971) and 38.2% retracement of 1.1149 to 0.9407 at 1.0072 suggests that medium term outlook is staying bearish. That is, down trend from 1.2004 is not completed yet and is in favor to resume through 0.9407 at a later stage. However, decisive break of 1.0095 resistance will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484).

No change in EUR/CHF’s outlook as it stayed in consolidation below 1.1740 last week. Initial bias remains neutral this week first. After all, near term outlook remains bullish as long as 1.1630 support holds. Above 1.1740 will target a test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 0.9564; (P) 0.9582; (R1) 0.9603; More….

No change in EUR/CHF’s outlook as consolidation from 0.9476 is extending. Intraday bias remains neutral for the moment. Outlook will remain bearish as long as 0.9683 resistance holds. On the downside, break of 0.9476, and sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will bring retest of 0.9252 low next.

In the bigger picture, rebound from 0.9252 should have completed at 0.9228. Medium term outlook remains bearish with 1.0095 resistance intact. Firm break of 0.9252 will resume the down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 1.0785; (P) 1.0831; (R1) 1.0880; More…

Intraday bias in EUR/CHF remains on the upside at this point. Rise from 1.0602 has just resumed and should now target 1.0915 resistance first. Firm break there will resume the rally from 1.0503 to 1.1059 cluster resistance. On the downside, break of 1.0721 support is needed to confirm completion of the rally. Otherwise, outlook will stay cautiously bullish in case of retreat.

In the bigger picture, we’re seeing price actions from 1.0503 as forming a consolidation pattern for the moment. As long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, down 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) 1.0747; (P) 1.0768; (R1) 1.0782; More…

EUR/CHF continues to stay in range trading below 1.0877 and intraday bias remains neutral. Still, with 1.0721 support intact, further rise is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

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) 1.0253; (P) 1.0319; (R1) 1.0386; More….

Intraday bias in EUR/CHF remains neutral first. on the upside, break of 1.0400 will resume the rebound from 0.9977 to 1.0610 key structural resistance next. On the downside, however, break of 1.0184 will turn bias back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.0881; (P) 1.0895; (R1) 1.0918; More….

Intraday bias in EUR/CHF is turned neutral with current recovery. But outlook stays bearish with 1.0925 support turned resistance intact. Below 1.0863 will resume the fall from 1.1149 to next cluster support zone at 1.0737, (61.8% retracement of 1.0505 to 1.1149 at 1.0751). Nevertheless, firm break of 1.0925 will indicate short term bottoming, and turn bias back to the upside for 1.1026 resistance.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case.

Daily Pivots: (S1) 1.0877; (P) 1.0898; (R1) 1.0922; More…

EUR/CHF’s break of 1.0922 minor resistance suggests short term bottoming at 1.0832, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside for 55 day EMA (now at 1.1023). But upside should be limited by 38.2% retracement of 1.1476 to 1.0832 at 1.1078. On the downside, below 1.0875 minor support will bring retest of 1.0832 instead.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

Daily Pivots: (S1) 1.0522; (P) 1.0557; (R1) 1.0578; More….

Intraday bias in EUR/USD remains on the downside for the moment. Current down trend from 1.1149 should target 100% projection of 1.1149 to 1.0694 from 1.0936 at 1.0481. On the upside, above 1.0602 minor resistance will turn bias neutral for consolidations. But outlook will stay bearish as long as 1.0678 support turned resistance holds.

In the bigger picture, current downside momentum argues that fall from 1.1149 is probably resuming the downside from 1.2004 (2018 high). Next focus is 1.0505 (2020 low). Decisive break there will confirm this bearish case and target 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223 next. Strong support from 1.0505 will bring rebound first. But outlook will stay bearish as long as 1.0936 resistance holds.

Daily Pivots: (S1) 1.0653; (P) 1.0698; (R1) 1.0728; More…

The break of 1.0677 support in EUR/CHF suggests down trend resumption. Intraday bias is now on the downside for 1.0620 key support level next. Break will confirm resumption of whole fall from 1.1198. On the upside, break of 1.0749 resistance is now needed to indicate near term reversal. Otherwise, outlook will remain bearish in case of recovery.

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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