EUR/CHF’s down trend from 1.1149 resumed last week and reached as low as 1.0740. Initial bias remains on the downside this week. Sustained trading below 1.0737/0751 support zone will pave the way to retest 1.0505 low. On the upside, break of 1.0802 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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 1.1149 resistance 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 1.1068) 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) 1.0759; (P) 1.0776; (R1) 1.0788; More….

EUR/CHF’s fall from 1.1149 is still in progress and intraday bias remains on the downside. Next target is 1.0737/51 cluster support. Sustained break there will pave the way back to 1.0505 low. On the upside, break of 1.0863 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0767; (P) 1.0792; (R1) 1.0804; More….

Intraday bias in EUR/CHF stays on the downside as fall from 1.1149 is in progress. Break of channel support suggest downside acceleration. Next target is 1.0737/51 cluster support. Sustained break there will pave the way back to 1.0505 low. On the upside, break of 1.0863 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0796; (P) 1.0809; (R1) 1.0820; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current fall from 1.1149 is in progress for 1.0737 cluster support next. On the upside, break of 1.0863 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0798; (P) 1.0818; (R1) 1.0828; More….

EUR/CHF’s breach of 1.0802 suggests decline resumption and intraday bias is back on the downside. Current fall from 1.1149 should target 1.0737 cluster support next. On the upside, break of 1.0863 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0814; (P) 1.0827; (R1) 1.0839; More….

Intraday bias in EUR/CHF remains neutral at this point and consolidation from 1.0802 could extend. But overall near term outlook will stay bearish as long as 1.0985 resistance holds, even in case of strong rebound. On the downside, break of 1.0802 will resume the decline from 1.1149 to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF stayed in consolidation above 1.0802 support last week and outlook is unchanged. Initial bias remains neutral this week for some more consolidations. Near term outlook will remain bearish as long as 1.0985 resistance holds, even in case of strong rebound. On the downside, break of 1.0802 will resume the decline from 1.1149 to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

In the long term picture, price actions from 1.0505 are currently seen as a correction to down trend from 1.2004 (2018 high). only. The failure to sustain above 38.2% retracement of 1.2004 to 1.0505 at 1.1078 retains long term bearishness. This is also affirmed by rejection by 55 month EMA. Another fall through 1.0505 is mildly in favor for now.

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0836; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0802 is still extending. Near term outlook stays bearish as long as 1.0985 resistance intact. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0810; (P) 1.0834; (R1) 1.0847; More….

EUR/CHF is staying in consolidation from 1.0802 and intraday bias remains neutral at this point. Outlook remains bearish as long as 1.0985 resistance intact. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0831; (P) 1.0845; (R1) 1.0867; More….

Intraday bias in EUR/CHF remains neutral and consolidation form 1.0802 is still extending. Outlook remains bearish as long as 1.0985 resistance intact. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0818; (P) 1.0840; (R1) 1.0855; More….

EUR/CHF is staying in consolidation from 1.0802 and intraday bias remains neutral. Outlook remains bearish as long as 1.0985 resistance intact. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0840; (P) 1.0853; (R1) 1.0867; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0802 temporary low first. Outlook will stay bearish as long as 1.0985 resistance holds. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF edged lower to 1.0802 last week but recovered since then. Initial bias remains neutral this week for some consolidations first. Outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

In the long term picture, price actions from 1.0505 are currently seen as a correction to down trend from 1.2004 (2018 high). only. The failure to sustain above 38.2% retracement of 1.2004 to 1.0505 at 1.1078 retains long term bearishness. This is also affirmed by rejection by 55 month EMA. Another fall through 1.0505 is mildly in favor for now.

Daily Pivots: (S1) 1.0814; (P) 1.0832; (R1) 1.0858; More….

A temporary low is formed at 1.0802 and intraday bias in EUR/CHF is turned neutral first. Outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0802 will resume the decline from 1.1149, for 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0811; (P) 1.0831; (R1) 1.0844; More….

No change in EUR/CHF’s outlook as fall from 1.1149 is in progress. Intraday bias stays on the downside for 1.0737 cluster support next. On the upside, above 1.0866 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds, in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0849; More….

Intraday bias in EUR/CHF is back on the downside with break of 1.0823 support. Fall from 1.1149 is resuming and should target 1.0737 cluster support next. On the upside, above 1.0866 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds, in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0844; (P) 1.0855; (R1) 1.0864; More….

EUR/CHF is staying in consolidation above 1.0823 temporary low and intraday bias remains neutral for the moment. Outlook also remains bearish as long as 1.0985 resistance holds. On the downside, break of 1.0823 will resume the whole fall from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0835; (P) 1.0851; (R1) 1.0871; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0823 temporary low first. But outlook stays bearish as long as 1.0985 resistance holds. Break of 1.0823 will resume the whole fall from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF’s decline from 1.1149 resumed last week and hit as low as 1.0823. A temporary low was formed there with subsequent recovery. Initial bias is turned neutral this week first. Some consolidations could be seen. But overall outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0823 will resume the decline to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

In the long term picture, price actions from 1.0505 are currently seen as a correction to down trend from 1.2004 (2018 high). only. The failure to sustain above 38.2% retracement of 1.2004 to 1.0505 at 1.1078 retains long term bearishness. This is also affirmed by rejection by 55 month EMA. Another fall through 1.0505 is mildly in favor for now.

Daily Pivots: (S1) 1.0800; (P) 1.0862; (R1) 1.0899; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current choppy decline from 1.1149 has just resumed and should target 1.0737 cluster support zone. On the upside, break of 1.0864 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.