EUR/CHF’s rise from 0.9416 continued last week and hit as high as 0.9648 despite interim retreat. Initial bias is on the upside this week for 0.9691 key structural resistance next. Firm break there will argue that whole decline from 1.0095 has completed at 0.9416, just ahead of 0.9407 support (2022 low). Further rally would be seen to 0.9840 resistance next. For now, break of 0.9564 support is needed to indicate short term topping. Otherwise, further rally will remain in favor in case of retreat.

In the bigger picture, as long as 1.0095 resistance holds, price actions from 0.9407 are viewed as a three-wave consolidation pattern first. Current rise from 0.9416 might be the third leg. That is, larger down trend from 1.2004 (2018 high) might still resume through 0.9407 at a later stage. However, decisive break of 1.0095 will argue that the long term down trend is reversing.

In the long term picture, outlook remains bearish as it’s staying well below 55 M EMA (now at 1.0362). Break of 1.0095 resistance is needed to be the first sign of bottoming, or the multi-decade down trend is expected to continue.

Daily Pivots: (S1) 0.9582; (P) 0.9607; (R1) 0.9647; More…

Intraday bias in EUR/CHF remains neutral first and further rise is in favor. Break of 0.9627 will resume the rebound from 0.9416 to 0.9691 key structural resistance. Firm break there will carry larger bullish implication. On the downside, below 0.9555 will turn bias to the downside for deeper pullback.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691, however, will indicate medium term bottoming just ahead of 0.9407. Further rally could then be seen back towards 1.0095 resistance.

Daily Pivots: (S1) 0.9567; (P) 0.9598; (R1) 0.9629; More…

Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations could be seen first. But another rise is mildly in favor as long as 0.9513 support holds. Above 0.9627 will resume the rebound from 0.9416 to 0.9691 key structural resistance. Firm break there will carry larger bullish implication.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691, however, will indicate medium term bottoming just ahead of 0.9407. Further rally could then be seen back towards 1.0095 resistance.

Daily Pivots: (S1) 0.9580; (P) 0.9605; (R1) 0.9652; More…

EUR/CHF’s rebound from 0.9416 is still in progress and intraday bias stays on the upside. Further rally would be seen to 0.9691 key structural resistance. Firm break there will carry larger bullish implication. On the downside, though, below 0.9555 minor support will turn intraday bias neutral first.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691, however, will indicate medium term bottoming just ahead of 0.9407. Further rally could then be seen back towards 1.0095 resistance.

Daily Pivots: (S1) 0.9536; (P) 0.9560; (R1) 0.9599; More…

Intraday bias in EUR/CHF remains on the upside as rebound from 0.9416 is in progress. Sustained break of 55 D EMA (now at 0.9570) will bring further rise to 0.9691 key structural resistance. On the downside, though, below 0.9514 minor support will turn bias back to the downside for retesting 0.9407/16 zone.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9493; (P) 0.9529; (R1) 0.9574; More…

Intraday bias in EUR/CHF stays on the upside at this point. Rebound from 0.9416 short term bottom is in progress. Sustained break of 55 D EMA (now at 0.9570) will bring further rise to 0.9691 key structural resistance. On the downside, though, below 0.9457 support will bring retest of 0.9407/16 zone.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

EUR/CHF’s rebound from 0.9416 extend higher last week. A short term bottom should be formed on bullish convergence condition in 4 H MACD, just ahead of 0.9407 medium term bottom. Initial bias is mildly on the upside this week. Sustained break of 55 D EMA (now at 0.9571) will bring further rise to 0.9691 key structural resistance. On the downside, though, below 0.9457 support will bring retest of 0.9407/16 zone.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

In the long term picture, outlook remains bearish as it’s staying well below 55 M EMA (now at 1.0362). Break of 1.0095 resistance is needed to be the first sign of bottoming, or the multi-decade down trend is expected to continue.

Daily Pivots: (S1) 0.9471; (P) 0.9485; (R1) 0.9511; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. Outlook remains bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179. However, firm break of 0.9532 will confirm short term bottoming, and turn bias to the upside for 0.9691 resistance instead.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9458; (P) 0.9474; (R1) 0.9491; More…

EUR/CHF is staying in sideway consolidation and intraday bias stays neutral. Outlook remains bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179. However, firm break of 0.9532 will confirm short term bottoming, and turn bias to the upside for 0.9691 resistance instead.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9438; (P) 0.9477; (R1) 0.9497; More…

Intraday bias in EUR/CHF remains neutral and outlook stays bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179. However, firm break of 0.9532 will confirm short term bottoming, and turn bias to the upside for 0.9691 resistance instead.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9468; (P) 0.9491; (R1) 0.9530; More…

EUR/CHF is staying below 0.9532 resistance despite current recovery. Intraday bias remains neutral and outlook stays bearish. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179. However, firm break of 0.9532 will confirm short term bottoming, and turn bias to the upside for 0.9691 resistance instead.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9428; (P) 0.9443; (R1) 0.9467; More…

Intraday bias in EUR/CHF remains neutral for some more consolidations. But outlook stays bearish as long as 0.9532 resistance holds. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

EUR/CHF’s down trend continued last week and hit as low as 0.9416. With 4 hour MACD crossed above signal line, initial bias is turned neutral this week first. But outlook stays bearish as long as 0.9532 resistance holds. On the downside, decisive break of 0.9407 medium term bottom will confirm resumption of larger down trend. Next near term target will be 100% projection of 0.9840 to 0.9520 from 0.9691 at 0.9499, and then 161.8% projection at 0.9179.

In the bigger picture, down trend from 1.2004 (2018 high) is still in progress. Decisive break of 0.9407 will confirm resumption, and target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish.

In the long term picture, outlook remains bearish as it’s staying well below 55 M EMA (now at 1.0362). Break of 1.0095 resistance is needed to be the first sign of bottoming, or the multi-decade down trend is expected to continue.

Daily Pivots: (S1) 0.9413; (P) 0.9449; (R1) 0.9470; More…

Intraday bias in EUR/CHF stays on the downside at this point. Current decline from 1.0095 is in progress for 0.9407 medium term bottom. Decisive break there will confirm larger down trend resumption. On the upside, break of 0.9532 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9439; (P) 0.9483; (R1) 0.9518; More…

EUR/CHF’s breach of 0.9455 indicates resumption of larger decline. Intraday bias is back on the downside. Current fall from 1.0095 should target 0.9407 medium term bottom. Nevertheless, break of 0.9532 resistance will indicate short term bottoming and bring stronger rebound.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9503; (P) 0.9518; (R1) 0.9538; More…

EUR/CHF is extending the consolidation form 0.9455 and intraday bias remains neutral. Further decline is expected with 0.9557 resistance intact. Below 0.9455 will resume larger decline from 1.0095 to 0.9407 medium term bottom. Nevertheless, break of 0.9557 will indicate short term bottoming and bring stronger rebound.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9482; (P) 0.9502; (R1) 0.9526; More…

Intraday bias in EUR/CHF is turned neutral as consolidation from 0.9455 is extending. Further decline is expected with 0.9557 resistance intact. Below 0.9455 will resume larger decline from 1.0095 to 0.9407 medium term bottom. Nevertheless, break of 0.9557 will indicate short term bottoming and bring stronger rebound.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

Daily Pivots: (S1) 0.9435; (P) 0.9504; (R1) 0.9551; More…

EUR/CHF recovers notably today but outlook stays bearish with 0.9557 resistance intact. Current fall is part of the whole down trend from 1.0095. Next target is 0.9407 medium term bottom. Nevertheless, break of 0.9557 will indicate short term bottoming and bring stronger rebound.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

EUR/CHF’s decisive break of 0.9513 support last week confirms resumption of whole down trend from 1.0095. Initial bias remains on the downside this week for retesting 0.9407 medium term bottom. On the upside, break of 0.9557 resistance is needed to be the first sign of short term bottoming. Otherwise, risk will stay on the downside in case of recovery.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

In the long term picture, outlook remains bearish as it’s staying well below 55 M EMA (now at 1.0362). Break of 1.0095 resistance is needed to be the first sign of bottoming, or the multi-decade down trend is expected to continue.

Daily Pivots: (S1) 0.9546; (P) 0.9563; (R1) 0.9581; More…

Intraday bias in EUR/CHF is back on the downside, as fall from 0.9691 resumed by breaking through 0.9557. Deeper fall would be seen to retest 0.9513 low first. Decisive break there will resume larger down trend from 1.0095. On the upside, above 0.9612 will turn bias back to the upside for 0.9691 instead.

In the bigger picture, medium term outlook will stay bearish as long as the cross is capped well below falling 55 W EMA (now at 0.9793). That is, down trend from 1.2004 (2018 high) could still resume through 0.9407 (2022 low). However, sustained trading above the 55 W EMA will raise the chance that 0.9470 is already a long term bottom. Further rise would then be seen to 1.0095 resistance to indicate bullish trend reversal.