Daily Pivots: (S1) 1.1562; (P) 1.1590; (R1) 1.1613; More…

EUR/CHF’s corrective pull back from 1.1709 is still in progress and could extend. But after all, 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.

Daily Pivots: (S1) 1.1541; (P) 1.1595; (R1) 1.1630; More…

Intraday bias in EUR/CHF remains neutral for the moment. Pull back from 1.1709 might extend lower. But still, as long as 1.1483 minor support holds, 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.

EUR/CHF jumped to as high as 1.1709 last week but dropped sharply since then. Initial bias is neutral this week first. As long as 1.1483 minor support holds, 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.

Daily Pivots: (S1) 1.1591; (P) 1.1649; (R1) 1.1684; More…

A temporary top is in place at 1.1709 in EUR/CHF and intraday bias is turned neutral first. Some consolidations could be seen first. But outlook remains bullish as long as 1.1387 support holds. Above 1.1709 will extend the medium term rise to 61.8% projection of 1.0652 to 1.1622 from 1.1387 at 1.1986, which is close to 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.

Daily Pivots: (S1) 1.1650; (P) 1.1678; (R1) 1.1716; More…

EUR/CHF’s rally is still in progress and intraday bias remains on the upside. Current up trend should target 61.8% projection of 1.0652 to 1.1622 from 1.1387 at 1.1986, which is close to 1.2 key level. On the downside, below 1.1639 minor support will turn bias neutral and bring consolidations. But near term outlook will remain bullish as long as 1.1387 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.

Daily Pivots: (S1) 1.1592; (P) 1.1625; (R1) 1.1686; More…

EUR/CHF’s rally resumed after brief consolidation and reaches as high as 1.1660 so far. Intraday bias is back on the upside. The solid break of 1.1622 resistance confirms resumption of medium term rally. Further rise should now be seen to 61.8% projection of 1.0652 to 1.1622 from 1.1387 at 1.1986, which is close to 1.2 key level. On the downside, break of 1.1560 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat.

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) 1.1560; (P) 1.1581; (R1) 1.1593; More…

A temporary top is formed at 1.1628 and intraday bias in EUR/CHF is turned neutral first. As long as 1.1483 minor support holds, another rise is mildly in favor. Sustained trading above 1.1622 will confirm resumption of medium term rally and target 1.2 key level. However, firm break of 1.1483 will dampen this bullish case and turn bias to the downside for 1.1387 instead. In that case, consolidation from 1.1622 will extend for a while.

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) 1.1552; (P) 1.1590; (R1) 1.1627; More….

Further rise is still expected in EUR/CHF as long as 1.1523 minor support holds. Medium term rally is possibly resuming. Sustained trading above 1.1622 resistance pave the way to 1.2 key level. On the downside, below 1.1523 will dampen this bullish case and turn bias to the downside for 1.1387 instead. In that case, consolidation from 1.1622 will extend for a while.

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’s break of 1.1622 resistance argues that medium term rally is resuming. Initial bias is cautiously on the upside for further rally. Sustained break of 1.1622 will pave the way to 1.2 key level. On the downside, below 1.1523 will dampen this bullish case and turn bias to the downside for 1.1387 instead. In that case, consolidation from 1.1622 will extend for a while.

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) 1.1532; (P) 1.1558; (R1) 1.1593; More….

Breach of 1.1622 argues that medium term up trend has resumed. Intraday bias stays on the upside for the moment. Sustained trading above 1.1622 will pave the way to 1.2 key level. On the downside, below 1.1523 will dampen this bullish case and turn bias to the downside for 1.1387 instead. In that case, consolidation from 1.1622 will extend for a while.

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) 1.1523; (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.

Daily Pivots: (S1) 1.1488; (P) 1.1507; (R1) 1.1530; More….

As noted before, the recovery from 1.1387 could have completed at 1.1565 already. Intraday bias is mildly on the downside for 1.1387 support first. Break there will extend the correction from 1.1622 and should target 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251). We’d expect strong support from there to 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.

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

Breach of 1.1497 minor support argues that recovery from1.1387 has completed at 1.1565 already. intraday bias is turned back to the downside. EUR/CHF is staying the third leg of correction from 1.1622 and should extend through 1.1387 support. Nonetheless, 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.

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.

EUR/CHF recovered further to 1.1565 last week but lost momentum since then. Initial bias is neutral this week first. 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.

Daily Pivots: (S1) 1.1524; (P) 1.1545; (R1) 1.1557; More….

With 1.1497 minor support intact, further rise is mildly in favor in EUR/CHF for 1.1622 resistance. But still, firm break there 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.

Daily Pivots: (S1) 1.1512; (P) 1.1528; (R1) 1.1559; More….

EUR/CHF’s rebound from 1.1387 is still in progress. Intraday bias stays on the upside for 1.1622 resistance. But still, firm break there 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.

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.

Daily Pivots: (S1) 1.1471; (P) 1.1494; (R1) 1.1524; More….

EUR/CHF’s recovery from 1.1387 resumed and intraday bias is mildly on the upside for further rise. Still, 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.

Daily Pivots: (S1) 1.1443; (P) 1.1471; (R1) 1.1493; More…

Intraday bias in EUR/CHF remains neutral for at this point. On the downside, break of 1.1387 will extend the corrective fall from 1.1622 to 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251). Strong support is expected there to contain downside and bring rebound. Above 1.1497 will extend the recovery. But break of 1.1622 is needed to confirm up trend resumption. Otherwise, the consolidation should continue with risk of at least another fall.

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.