Daily Pivots: (S1) 1.1579; (P) 1.1612; (R1) 1.1639; More…

EUR/CHF is staying in range of 1.1541/1721 and intraday bias remains neutral for the moment. On the downside, considering bearish divergence condition in 4 hour MACD and daily MACD, decisive break of 1.1541 will confirm topping and turn near term outlook bearish for 1.1355 key support. Nonetheless, on the upside, break of 1.1721 resistance will resume recent up trend towards 1.2 key level.

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 1.1158) and possibly below.

Daily Pivots: (S1) 1.1613; (P) 1.1642; (R1) 1.1665; More…

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, considering bearish divergence condition in 4 hour MACD and daily MACD, decisive break of 1.1541 will confirm topping and turn near term outlook bearish for 1.1355 key support. Nonetheless, on the upside, break of 1.1721 resistance will resume recent up trend towards 1.2 key level.

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 1.1158) and possibly below.

Daily Pivots: (S1) 1.1602; (P) 1.1642; (R1) 1.1694; More…

EUR/CHF’s fall from 1.1721 was held well above 1.1541 support and quickly recovered. Intraday bias is turned neutral first. On the downside, considering bearish divergence condition in 4 hour MACD and daily MACD, decisive break of 1.1541 will confirm topping and turn near term outlook bearish for 1.1355 key support. Nonetheless, on the upside, break of 1.1721 resistance will resume recent up trend towards 1.2 key level.

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 1.1158) and possibly below.

Daily Pivots: (S1) 1.1629; (P) 1.1676; (R1) 1.1699; More…

The sharp decline of EUR/CHF and strong break of 1.1638 support is raising the chance of trend reversal. Intraday bias in turned back to the downside 1.1541. Considering bearish divergence condition in 4 hour MACD and daily MACD, decisive break of 1.1541 will confirm topping and turn near term outlook bearish for 1.1355 key support. On the upside, above 1.1653 minor resistance will turn bias back to the upside for 1.1721 high instead.

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 1.1158) and possibly below.

EUR/CHF’s uptrend resumed last week and edged higher to 1.1721 but retreated since then. Initial bias is neutral this week for consolidation first. Another rise will be in favor as long as 1.1638 minor support holds. Above 1.1721 will turn bias back to the upside for 1.2 key level. However, below 1.1638 will turn bias to the downside for 1.1541 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 1.1116) and possibly below.

Daily Pivots: (S1) 1.1638; (P) 1.1663; (R1) 1.1679; More…

EUR/CHF’s break of 1.1709 resistance confirms up trend resumption. Intraday bias stays on the upside for 61.8% projection of 1.1387 to 1.1709 from 1.1541 at 1.1740 first, and then 100% projection at 1.1863. On the downside, below 1.1638 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.1541 support and bring up trend resumption.

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 1.1123) and possibly below.

Daily Pivots: (S1) 1.1638; (P) 1.1663; (R1) 1.1679; More…

Intraday bias in EUR/CHF remains on the upside for 1.1709 resistance. Break will resume medium term rally and target 61.8% projection of 1.1387 to 1.1709 from 1.1541 at 1.1740 first, and then 100% projection at 1.1863. For now, this will be the favored case as long as 1.1541 support holds.

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.

Daily Pivots: (S1) 1.1635; (P) 1.1655; (R1) 1.1691; More…

EUR/CHF’s break of 1.1663 minor resistance suggests that pull back from 1.1709 has completed with three waves down to 1.1541 already. Intraday bias is back on the upside for 1.1709 resistance first. Break there will resume medium term rally and target 61.8% projection of 1.1387 to 1.1709 from 1.1541 at 1.1740 first, and then 100% projection at 1.1863. For now, this will be the favored case as long as 1.1541 support holds.

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.

Daily Pivots: (S1) 1.1557; (P) 1.1598; (R1) 1.1655; 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.

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.

EUR/CHF dipped through 1.1559 minor support last week as correction from 1.1709 extends. But overall outlook is unchanged. While more consolidation could be seen, outlook will remain bullish as long as 1.1483 support holds. 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.

Daily Pivots: (S1) 1.1544; (P) 1.1581; (R1) 1.1608; More…

EUR/CHF’s corrective fall from 1.1709 is still in progress and deeper decline could be seen. But still, near term outlook stays bullish with 1.1483 support holds. 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 1.1104) and possibly below.

Daily Pivots: (S1) 1.1579; (P) 1.1590; (R1) 1.1605; More…

No change in EUR/CHF’s outlook as correction from 1.1709 is still unfolding. Deeper fall cannot be ruled out. But again, near term outlook stays bullish with 1.1483 support holds. Above 1.1663 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 1.1104) and possibly below.

Daily Pivots: (S1) 1.1555; (P) 1.1576; (R1) 1.1610; More…

EUR/CHF’s correction from 1.1709 extends lower with a break of 1.1559 minor support. Deeper decline might be seen. But again, near term outlook stays bullish with 1.1483 support holds. Above 1.1663 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 1.1104) and possibly below.

Daily Pivots: (S1) 1.1557; (P) 1.1598; (R1) 1.1621; More…

Intraday bias in EUR/CHF remains neutral at this point. Consolidation from 1.1709 is still in progress and break of 1.1559 minor support will bring deeper fall. But overall outlook will stays bullish as long as 1.1483 support holds. Above 1.1663 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 1.1104) and possibly below.

Daily Pivots: (S1) 1.1597; (P) 1.1624; (R1) 1.1638; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1709 is still in progress. Below 1.1559 minor support will bring deeper fall. But overall outlook will stays bullish as long as 1.1483 support holds. Above 1.1663 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 1.1104) and possibly below.

EUR/CHF stayed in consolidation below 1.1709 last week and outlook is unchanged. More corrective trading would be seen this week first. Below 1.1559 minor support will bring deeper fall. But overall outlook will stays bullish as long as 1.1483 support holds. Above 1.1663 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 1.1104) and possibly below.

Daily Pivots: (S1) 1.1628; (P) 1.1646; (R1) 1.1666; More…

No change in EUR/CHF’s outlook as consolidation from1.1709 continues. Intraday bias remains neutral at this point. Overall, near term outlook remains bullish as long as 1.1483 support holds. Break of 1.1709 will extend the medium term up trend towards 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 1.1067) and possibly below.

Daily Pivots: (S1) 1.1622; (P) 1.1643; (R1) 1.1676; More…

EUR/CHF recovered after dipping to 1.1559 but it still staying in range below 1.1709 temporary top. Intraday bias remains neutral first. Overall, near term outlook remains bullish as long as 1.1483 support holds. Break of 1.1709 will extend the medium term up trend towards 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 1.1067) and possibly below.

Daily Pivots: (S1) 1.1588; (P) 1.1610; (R1) 1.1640; More…

Intraday bias in EUR/CHF remains neutral for consolidation below 1.1709. Deeper pull back cannot be ruled out. But still, as long as 1.1483 minor support holds, outlook remains bullish and we’d expect further rally ahead. Break of 1.1709 will target 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 1.1067) and possibly below.