Daily Pivots: (S1) 1.0774; (P) 1.0795; (R1) 1.0809; More….

Intraday bias in EUR/CHF stays neutral first. On the upside, break of 1.088 resistance should confirm that consolidation pattern from 1.0915 has completed at 1.0661. Further rise should be seen to 1.0915 and above. However, on the downside, firm break of 1.0790 will extend the consolidation from 1.0915 with another falling leg, back towards 1.0661 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) 1.0841; (P) 1.0871; (R1) 1.0885; More…

EUR/CHF’s corrective fall from 1.0986 is still in progress and deeper decline might be seen. Nonetheless, downside should be contained by 1.0791/0872 support zone, probably around 55 day EMA (now at 1.0828). Rise from 1.0629 is expected to resume later. Above 1.0902 minor resistance will turn bias back to the upside for 1.0986/0999.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 1.0897; (P) 1.0920; (R1) 1.0936; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0986 is still in progress. Deeper fall could be seen but downside is expected to be contained by 1.0791/0872 support zone to bring rise resumption. As noted before, the consolidative pattern from 1.1198 should be completed. Firm break of 1.0999 resistance will pave the way for a retest on 1.1198 high.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Current strong rebound is raising the chance that it’s completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 1.0836; (P) 1.0850; (R1) 1.0860; More…

No change in EUR/CHF’s outlook. Corrective fall from 1.0986 might extend. But downside downside should be contained by 1.0791/0872 support zone, probably around 55 day EMA (now at 1.0829). Rise from 1.0629 is expected to resume later. Above 1.0902 minor resistance will turn bias back to the upside for 1.0986/0999.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

EUR/CHF’s break of 1.0715 support last week suggests resumption of whole decline from 1.1149. While downside momentum is a bit week, initial bias stays on the downside this week first. next target is 61.8% projection of 1.0985 to 1.0715 from 1.0839 at 1.0672 first. Break will target 100% projection at 1.0569 next. On the upside, above 1.0756 minor resistance will bring recovery. But outlook will remain bearish as long as 1.0839 resistance holds.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0863) holds. Break of 1.0505 low would be seen at a later stage.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

Daily Pivots: (S1) 1.0913; (P) 1.0946; (R1) 1.0966; More…

EUR/CHF’s decline accelerates to as low as 1.0909 so far and intraday bias remains on the downside. As noted before, corrective rise from 1.0811 should have completed at 1.1059 already. Further fall should be seen back to retest 1.0811 low. On the upside, above 1.0957 minor resistance will turn intraday bias neutral first. In case of another rise, we’d still expect strong resistance from 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to limit 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 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) 1.0728; (P) 1.0762; (R1) 1.0783; More….

Intraday bias in EUR/CHF remains neutral for the moment. With 1.0839 resistance intact, outlook remains bearish and further decline is expected. On the downside, firm break of 1.0694 will resume larger fall from 1.1149, to 138.2% projection of 1.1149 to 1.0863 from 1.0985 at 1.0590 next.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0859) holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 0.9875; (P) 0.9891; (R1) 0.9920; More….

No change in EUR/CHF’s outlook as consolidation from 1.0095 is still in progress. Deeper fall cannot be ruled out but downside should be contained by 38.2% retracement of 0.9407 to 1.0095 at 0.9832 to bring rebound. On the upside, break of 0.9942 minor resistance will turn bias back to the upside for retesting 1.0067.95 resistance zone.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA 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). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

Daily Pivots: (S1) 1.0950; (P) 1.0967; (R1) 1.0986; More….

Intraday bias in EUR/CHF remains neutral at this point. As long as 1.0915 cluster support (38.2% retracement 1.0505 to 1.1149 at 1.0903) holds, we’d still treat the price actions from 1.1149 as correction. Break of 1.1026 resistance would argue that larger up trend is resuming. However, sustained break of 1.0903/15 will suggest bearish reversal, or at least bring deeper fall to next cluster support zone at 1.0737 support zone (61.8% retracement at 1.0751).

In the bigger picture, whole down trend from 2004 (2018 high) should have completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0503 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds. However, sustained break of 1.0915 will argue that rise from 1.0503 might be completed, and bring deeper fall to 1.0737 support next.

Daily Pivots: (S1) 0.9338; (P) 0.9359; (R1) 0.9391; More…

No change in EUR/CHF’s outlook as price actions from 0.9252 are seen as a consolidation pattern only. Intraday bias remains neutral and outlook stays bearish with 0.9402 support turned resistance intact. On the downside, break of 0.9252 will resume larger down trend to 100% projection of 0.9995 to 0.9416 from 0.9683 at 0.9104 next. However, firm break of 0.9402 will dampen this view, and turn bias back to the upside for 0.9543 resistance instead.

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) 1.0708; (P) 1.0722; (R1) 1.0740; More….

Intraday bias in EUR/CHF stays neutral as consolidation from 1.0678 is extending. Further decline is expected with 1.0750 minor resistance intact. On the downside, break of 1.0678 will turn bias back to the downside for 61.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0655. Sustained break there will pave the way towards 100% projection at 1.0481. On the upside, break of 1.0750 will indicate short term bottoming and bring stronger rebound first.

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) 1.0806; (P) 1.0818; (R1) 1.0831; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0782 temporary low. Upside of recovery should be limited by 1.0860 resistance to bring fall resumption. Below 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

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 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.0784; (P) 1.0808; (R1) 1.0824; More….

EUR/CHF is holding on to 1.0790 support despite the deep pull back from 1.0871. Intraday bias remains neutral and further rise is still in favor. Consolidation pattern from 1.0915 should have completed with three waves to 1.0661. Break of 1.0877 resistance will resume the whole rebound from 1.0503. On the downside, break of 1.0790 support will dampen this bullish case. and turn bias to the downside to extend the consolidation from 1.0915.

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) 1.0796; (P) 1.0807; (R1) 1.0825; More…

EUR/CHF is still staying in consolidation from 1.0824 and intraday bias remains neutral. Further rise is expected with 1.0772 minor support intact. Consolidation pattern from 1.0915 has completed with three waves to 1.0661. On the upside, break of 1.0824 will target 1.0877 resistance to confirm this bullish case. However, break of 1.0772 support will likely extend the pattern with another falling leg and turn bias to the downside.

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) 1.1374; (P) 1.1428; (R1) 1.1478; More…

EUR/CHF is still bounded in consolidation from 1.1537 and intraday bias stays neutral. More sideway trading could be seen. On the upside, break of 1.1537 resistance will confirm resumption of larger rally from 1.0629. In that case, EUR/CHF should target 1.2 key resistance level next. On the downside, firm break of 38.2% retracement of 1.0830 to 1.1537 at 1.1267 will extend the correction to 61.8% retracement at 1.1100 before completion.

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 1.1087 resistance turned support holds.

Daily Pivots: (S1) 1.0761; (P) 1.0775; (R1) 1.0804; More…

EUR/CHF’s rise from 1.0602 resumes through 1.0849 resistance and hits as high as 1.0876 so far. Intraday bias is back on the upside for 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) 0.9711; (P) 0.9745; (R1) 0.9774; More….

EUR/CHF recovered after brief breach of 38.2% retracement of 0.8407 to 0.9953. Intraday bias is turned neutral first. On the downside, break of 0.9720 will extend the fall from 0.9953 to 61.8% retracement at 0.9616, and possibly below. On the upside, however, break of 0.9818 resistance will turn bias back to the upside for retesting 0.9953 instead.

In the bigger picture, rejection by 0.9970 support turned resistance retains medium term bearishness. That is, while 0.9407 is a medium term bottom, price actions from there would develope into a corrective pattern rather than a reversal. That is, down trend resumption through 0.9407 is favored at a later stage. This will remain the favored case now, as long 38.2% retracement of 1.1149 to 0.9407 at 1.0072 holds.

Daily Pivots: (S1) 1.0734; (P) 1.0742; (R1) 1.0752; More…

Outlook in EUR/CHF remains unchanged. With 1.0833 resistance intact, current down trend is in progress. Next target is 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

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 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.1250; (P) 1.1275; (R1) 1.1308; More…

Intraday bias in EUR/CHF remains neutral at this point. Considering bullish convergence condition in 4 hour MACD, a short term bottom is likely in pace. On the upside, break of 1.1301 minor resistance will target 1.1356 resistance first. Decisive break there should confirm near term reversal. In that case, further rally should be seen back to 1.1501 resistance. However, on the downside, below 1.1224 will invalidate this bullish case and extend the fall to 1.1173 low instead. But still, we’d expect strong support inside 1.1154/98 key support zone to bring reversal.

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) 1.1215; (P) 1.1266; (R1) 1.1354; More…

EUR/CHF’s strong rally and break of 1.1319 minor resistance suggests short term bottoming at 1.1178. More importantly, considering bullish convergence in 4 hour and daily MACD too, EUR/CHF should have drawn strong support from 1.1154/98 and is reversing. Intraday bias is turned back to the upside. Decisive break of 1.1452 resistance will be another indication that whole fall from 1.2004 has completed. On the downside, however, break of 1.1265 minor support will turn focus back to 1.1154/98 key support zone.

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.