EUR/CHF surges to as high as 1.0824 last week before forming a temporary top there and turned sideway. Current development suggests that 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) 1.0788; (P) 1.0798; (R1) 1.0814; More…

EUR/CHF is staying in consolidation from 1.0824 temporary top. Intraday bias stays neutral first. We’re favoring the case that consolidation pattern from 1.0915 has completed with three waves to 1.0661. Break of 1.0824 will target 1.0877 resistance for confirmation. Firm break there will resume whole rebound from 1.0503. However, below 1.0772 minor support will dampen the bullish case, and turn bias back to the downside for 1.0661 support instead.

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) 1.0781; (P) 1.0803; (R1) 1.0824; More…

Intraday bias in EUR/CHF is turned neutral with a temporary top is formed at 1.0824. We’re favoring the case that consolidation pattern from 1.0915 has completed with three waves to 1.0661. Break of 1.0824 will target 1.0877 resistance for confirmation. Firm break there will resume whole rebound from 1.0503. However, below 1.0772 minor support will dampen the bullish case, and turn bias back to the downside for 1.0661 support instead.

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) 1.0715; (P) 1.0762; (R1) 1.0842; More…

Intraday bias in EUR/CHF stays on the upside as rise from 1.0661 is in progress. Consolidation pattern from 1.0915 might have completed with three waves to 1.0661. Further rise should now be seen to 1.0877 resistance for confirmation. Firm break there will resume whole rebound from 1.0503. However, below 1.0772 minor support will mix up the outlook and turn bias neutral first.

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) 1.0715; (P) 1.0762; (R1) 1.0842; More…

Intraday bias in EUR/CHF remains on the upside at this point. Consolidation pattern from 1.0915 might have completed with three waves to 1.0661. Further rise should now be seen to 1.0877 resistance for confirmation. Firm break there will resume whole rebound from 1.0503. However, below 1.0752 minor support will mix up the outlook and turn bias neutral first.

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) 1.0677; (P) 1.0690; (R1) 1.0705; More…

EUR/CHF’s strong rebound and break of 1.0747 resistance indicates short term bottoming at 1.0661. Fall from 1.0877 might have completed at 1.0661. More importantly, consolidation pattern from 1.0915 could have finished with three waves to 1.0661 too. Intraday bias now back on the upside for 1.0877 resistance first. Firm break there will resume whole rebound from 1.0503.

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) 1.0677; (P) 1.0690; (R1) 1.0705; More…

Intraday bias in EUR/CHF remains neutral as consolidation form 1.0661 might extend further. Still, as long as 1.0747 resistance holds, further decline is expected. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Break of 1.0661 will target 1.0602 support next. However, firm break of 1.0747 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn intraday bias back to the upside for 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.

EUR/CHF turned into consolidation last week but recovery was limited comfortably below 1.0747 resistance. Initial bias remains neutral this week and outlook stays bearish. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. On the downside, break of 1.0661 will target 1.0602 support next. On the upside, though, break of 1.0747 resistance will indicate short term bottoming, on bullish convergence condition in 4 hour MACD. Intraday bias will be turned 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) 1.0676; (P) 1.0702; (R1) 1.0720; More…

EUR/CHF is staying in consolidation from 1.0661 and intraday bias remains neutral first. As long as 1.0747 resistance holds, further decline is expected. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Break of 1.0661 will target 1.0602 support next. However, firm break of 1.0747 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn intraday bias back to the upside for 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) 1.0665; (P) 1.0689; (R1) 1.0718; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0661 temporary low. As long as 1.0747 resistance holds, further decline is expected. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Break of 1.0661 will target 1.0602 support next. However, firm break of 1.0747 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn intraday bias back to the upside for 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) 1.0674; (P) 1.0697; (R1) 1.0711; More…

EUR/CHF is staying in range above 1.0661 temporary low and intraday bias remains neutral first. Further decline is expected as long as 1.0747 resistance holds. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Break of 1.0661 will target 1.0602 support next. However, firm break of 1.0747 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn intraday bias back to the upside for 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) 1.0677; (P) 1.0691; (R1) 1.0716; More…

EUR/CHF covered after hitting 1.0661 and intraday bias is turned neutral first. Further decline is expected as long as 1.0747 resistance holds. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Break of 1.0661 will target 1.0602 support next. However, firm break of 1.0747 should confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn intraday bias back to the upside for 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) 1.0665; (P) 1.0684; (R1) 1.0695; More…

Intraday bias in EUR/CHF remains on the downside at this point. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Deeper decline should be seen to 1.0602 support next. On the upside, break of 1.0747 resistance is needed to signal short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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.

EUR/CHF’s decline resumed by taken out 1.0688 last week. Initial bias stays on the downside this week for further decline. Fall from 1.0877 is seen as the third leg of the pattern from 1.0915. Deeper fall should be seen to 1.0602 support next. On the upside, break of 1.0747 resistance is needed to signal short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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) 1.0678; (P) 1.0691; (R1) 1.0703; More…

Intraday bias in EUR/CHF remains on the downside at this point. Fall from 1.0877 is seen as the third leg of the corrective pattern from 1.0915. Deeper decline should be seen to 1.0602 support next. On the upside, break of 1.0747 resistance is needed to sign short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

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) 1.0674; (P) 1.0697; (R1) 1.0717; More…

Break of 1.0688 suggests resumption of fall from 1.0877. Such decline is seen as the third leg of the corrective pattern from 1.0915. Intraday bias is back on the downside for 1.0602 support next. On the upside, break of 1.0747 resistance is needed to sign short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

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) 1.0709; (P) 1.0729; (R1) 1.0739; More…

Intraday bias in EUR/CHF remains neutral and further fall 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) 1.0708; (P) 1.0721; (R1) 1.0735; More…

EUR/CHF is staying in consolidation from 1.0688 and intraday bias remains neutral first. 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) 1.0707; (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.

EUR/CHF stayed in consolidation above 1.0688 temporary last week and outlook is unchanged. Initial bias remains neutral this week first and 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.