Daily Pivots: (S1) 1.0661; (P) 1.0677; (R1) 1.0695; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, 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) 1.0687; (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) 1.1684; (P) 1.1698; (R1) 1.1720; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1740 temporary top is extending. With 1.1630 minor support intact, further rise is expected in the cross. On the upside, above 1.1740 will target a test on 1.1832 high. 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) 1.0367; (P) 1.0385; (R1) 1.0409; More….

Intraday bias in EUR/CHF remains on the upside as rebound from 0.9970 is in progress for 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Firm break there will target 1.0610 resistance next. On the downside, however, break of 1.0184 support will turn bias back to the downside for retesting 0.9970 low instead.

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, 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) 1.1218; (P) 1.1241; (R1) 1.1273; More…

EUR/CHF is staying in tight range above 1.1181 and intraday bias remains neutral. In case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

Daily Pivots: (S1) 1.0707; (P) 1.0719; (R1) 1.0735; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0688 temporary low is extending. Further decline is expected with 1.0749 resistance intact. Current decline from 1.0877 is seen as the third leg of the corrective pattern from 1.0915. On the downside, break of 1.0688 will turn bias to the downside for 1.0602 support next. However, on the upside, firm break of 1.0749 will mix up the near term outlook, and turn bias back to the upside for stronger rebound.

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) 1.0366; (P) 1.0381; (R1) 1.0389; More….

Intraday bias in EUR/CHF remains on the downside as fall from 1.0510 is in progress for 1.0324 low. Firm break there will resume larger down trend from 1.1149, and target 161.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0200 next. On the upside, above 1.0417 minor resistance will extend the corrective pattern with another rise leg. But upside should be limited by 38.2% retracement of 1.0936 to 1.0324 at 1.0558.

In the bigger picture, long term down trend from 1.2004 (2018 high) is now extending. Next target is 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. On the upside, firm break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of rebound.

Daily Pivots: (S1) 1.0637; (P) 1.0646; (R1) 1.0654; More…

Intraday bias in EUR/CHF remains neutral as it’s still bounded in range above 1.0629 temporary low. As long as 1.0706 resistance stays intact, deeper decline is still expected in the cross. Firm break of 1.0620 key support level will extend the larger decline from 1.1198 to 1.0485 fibonacci level. However, break of 1.0706 resistance will indicate short term bottoming and turn bias back to the upside. Further break of 1.0749 resistance will raise the chance of medium reversal.

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.

Daily Pivots: (S1) 0.9705; (P) 0.9756; (R1) 0.9792; More….

EUR/CHF is staying in consolidation from 0.9697 and intraday bias remains neutral. Firm break of 0.9697 will resume larger down trend to 0.9650 long term projection level. Strong support could be seen there to bring rebound. On the upside, break of 0.9799 minor resistance will turn bias to the upside for stronger rise to 0.9948 resistance. However, firm break of 0.9650 will target 100% projection of 1.1149 to 0.9970 from 1.0513 at 0.9334.

In the bigger picture, long term down trend from 1.2004 (2018 high) is expected to target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 138.2% projection at 0.9033. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 1.0987; (P) 1.1043; (R1) 1.1071; More….

EUR/CHF surged to as high as 1.1096, but failed to sustain above 1.1059/76 long term cluster resistance. Intraday bias is turned neutral first. Some consolidations could be seen but further rally is in favor as long as 1.0915 resistance turned support holds. Sustained break of 1.1059/76 will carry larger bullish implication. Next target will be 100% projection of 1.0503 to 1.0915 from 1.0737 at 1.1149. However, firm break of 1.0915 will indicate rejection by the cluster resistance and turn outlook bearish again.

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) 1.0173; (P) 1.0187; (R1) 1.0201; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 1.0211 minor resistance will argue that pull back form 1.0400 has completed already. Intraday bias will be back on the upside for 1.0400 first. Break will resume whole rebound from 0.9970 towards 1.0610 resistance. On the downside, though, below 1.0086 will resume the fall towards 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 (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 0.9686; (P) 0.9719; (R1) 0.9740; More…

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the upside, firm break of 0.9760 should confirm short term bottoming after hitting 61.8% retracement of 0.9407 to 1.0095 at 0.9670. Intraday bias will be back on the upside for 0.9878 resistance next. However, sustained break of 0.9670 will extend the whole decline from 1.0095 towards 0.9407 low instead.

In the bigger picture, prior rejection by 38.2% retracement of 1.1149 to 0.9407 at 1.0072 suggests that medium term outlook is staying bearish. The pair is also capped below 55 W EMA (now at 0.9938). Down trend from 1.2004 (2018 high) 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).

Daily Pivots: (S1) 0.9692; (P) 0.9703; (R1) 0.9726; More….

Intraday bias in EUR/CHF stays on the upside at this point. Fall from 0.9928 could have completed at 0.9476, probably as a corrective move. Further rise would be seen for retesting 0.9928 high. On the downside, however, break of 0.9608 will bring retest of 0.9476 support instead.

In the bigger picture, rebound from 0.9252 medium term bottom might not be completed yet. But even in case of resumption, strong resistance could emerge from 1.0095 to limit upside. Medium term outlook will be neutral at best as long as 1.0094 structural resistance holds. Meanwhile, break of 0.9476 will bring retest of 0.9252 low.

Daily Pivots: (S1) 1.1377; (P) 1.1483; (R1) 1.1556; More… .

EUR/CHF’s sharp fall suggests short term topping at 1.1622, on bearish divergence condition in daily MACD. Intraday bias is mildly on the downside for 1.1355 support and below. On the upside, break of 1.1511 minor resistance will suggest that the pull back is completed and bring retest of 1.1622.

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.

Daily Pivots: (S1) 1.1265; (P) 1.1289; (R1) 1.1308; More…

EUR/CHF’s breach of 1.1265 minor support dampen the bullish view and argue that rebound from 1.1178 has completed at 1.1342. Intraday bias is turned back to 1.1154/98 key support. We’d still expect strong support from this key zone to bring rebound. On the upside, above 1.1342 will revive the case of near term reversal and target 1.1452 resistance.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1196) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

Daily Pivots: (S1) 0.9682; (P) 0.9740; (R1) 0.9781; More….

Intraday bias in EUR/CHF is turned neutral with current retreat. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify the case of medium term bottoming at 0.9407, and target 38.2% retracement of 1.1149 to 0.9407 at 1.0072. On the downside, below 0.9641 minor support will turn bias back to the downside for retesting 0.9407 low.

In the bigger picture, as long as 0.9864 resistance holds, long term down trend from 1.2004 (2008 high) is expected to continue. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. However, firm break of 0.9864 will confirm medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0188), even as a corrective rebound.

Daily Pivots: (S1) 1.1326; (P) 1.1341; (R1) 1.1353; More…

Intraday bias in EUR/CHF remains neutral at this point. As long as 1.1310 support holds, further rise is mildly in favor. On the upside, break of 1.1444 will resume the rebound from 1.1181 to 1.1501 key resistance next. Nevertheless, sustained break of 1.1310 will suggest that rebound from 1.1181 might be completed. 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, on bullish convergence condition in daily MACD. Further rise should be seen to 61.8% retracement at 1.1687 and above next.

Daily Pivots: (S1) 1.0831; (P) 1.0876; (R1) 1.0900; More…

EUR/CHF is still staying in consolidation form 1.0811 and intraday bias remains neutral. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065). On the downside, sustained break of 1.0811 will resume larger down trend and target 1.0629 key support next.

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.

EUR/CHF surged to as high as 1.1096 last week as rebound from 1.0503 resumed. The cross then failed to sustain above 1.1059/76 resistance zone and retreated. Initial bias stays neutral this week for consolidations first. Further rally is expected as long as 1.0915 resistance turned support holds. On the upside, break of 1.1096 will target 100% projection of 1.0503 to 1.0915 from 1.0737 at 1.1149. However, firm break of 1.0915 will argue that the rebound might be completed, and bring deeper fall back to 1.0737 support.

In the bigger picture, immediate focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Sustained break there will argue that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from there is starting an up trend. Further rise should be seen to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will remain medium term bearishness first.

Daily Pivots: (S1) 1.0182; (P) 1.0212; (R1) 1.0235; More….

EUR/CHF is losing some downside momentum but there is no sign of bottoming yet. Intraday bias remains mildly on the downside. Fall from 1.0369 is seen as the third leg of the corrective pattern from 1.0400. Deeper decline could be seen to 1.0086 support. On the upside, above 1.0289 minor resistance will turn intraday bias neutral first. Further break of 1.0400 resistance will resume the rebound from 0.9970 to 1.0610 structural resistance instead.

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 (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.