Daily Pivots: (S1) 0.9809; (P) 0.9847; (R1) 0.9880; More….

EUR/CHF continues to lose upside momentum. But further rally is expected with 0.8720 support intact. On the upside, firm break of 61.8% projection of 0.9407 to 0.9798 from 0.9641 at 0.9883 will solidify the case of medium term bottoming and target 100% projection at 1.0032.

In the bigger picture, considering bullish condition in daily MACD, firm break of 0.9864 resistance will confirm medium term bottoming at 0.9407. Stronger rally should then be seen to 55 week EMA (now at 1.0128), even as a corrective rebound. Nevertheless, rejection by 0.9864 will bring down trend resumption through 0.9407 next.

Daily Pivots: (S1) 0.9588; (P) 0.9622; (R1) 0.9643; More….

No change in EUR/CHF’s outlook that further decline is still expected with 0.9698 resistance intact. Current down trend should now target 100% projection of 1.1149 to 0.9970 from 1.0513 at 0.9334. On the upside, break of 0.9698 resistance will indicate short term bottoming, and turn bias back to the upside for stronger rebound.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 0.9543; (P) 0.9556; (R1) 0.9570; More…

Intraday bias in EUR/CHF remains neutral for the moment as it’s staying bounded in consolidation above 0.9513. With 0.9599 resistance intact, further decline is expected. On the downside, firm break of 0.9513 will resume larger down trend from 1.0095. Next target is 61.8% projection of 0.9840 to 0.9520 from 0.9646 at 0.9448.

In the bigger picture, medium term outlook is staying bearish as the pair is capped well below falling 55 W EMA (now at 0.9829). Down trend from 1.2004 (2018 high) is in favor to continue. Sustained break of 0.9407 will target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. For now, this will remain the favored case as long as 0.9670 support turned resistance holds, in case of strong rebound.

Daily Pivots: (S1) 1.1684; (P) 1.1698; (R1) 1.1710; More…

Consolidation from 1.1740 temporary top is still in progress and intraday bias remains neutral. Again, with 1.1630 minor support intact, near term outlook remains bullish. Above 1.1740 will target a test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 0.9524; (P) 0.9545; (R1) 0.9583; More….

EUR/CHF is staying inc consolidation above 0.9476 and intraday bias remains neutral. While stronger recovery cannot be ruled out, outlook will remain bearish as long as 0.9683 resistance holds. On the downside, break of 0.9476, and sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will bring retest of 0.9252 low next.

In the bigger picture, rebound from 0.9252 should have completed at 0.9228. Medium term outlook remains bearish with 1.0095 resistance intact. Firm break of 0.9252 will resume the down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 1.0885; (P) 1.0933; (R1) 1.0958; More…..

EUR/CHF’s decline continues today and reaches as low as 1.0880 so far. Intraday bias remains on the downside at this point. Current fall from 1.1476 is part of the whole decline from 1.2004. Next target is 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. On the upside, above 1.0929 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.1062 resistance to bring fall resumption.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

Daily Pivots: (S1) 1.0702; (P) 1.0733; (R1) 1.0781; More…

EUR/CHF’s rally continues to accelerate today and his as high as 1.0798 so far. Intraday bias stays on the upside for 1.0811 support turned resistance next. Firm break there will carry larger bullish implication. Next target will be 1.1059 key cluster resistance. On the downside, below 1.0744 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, focus is now on 1.0811 key support turned resistance. Decisive break there will argue that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Further rally would be seen to 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076 next). Nevertheless, rejection by 1.0811 will retain medium term bearishness for another low below 1.0503 at a later stage.

Daily Pivots: (S1) 0.9416; (P) 0.9431; (R1) 0.9456; More…

EUR/CHF’s rally from 0.9252 is still in progress and intraday bias stays on the upside. Sustained trading above 55 D EMA (now at 0.9449) will target 38.2% retracement of 1.0095 to 0.9252 at 0.9574. On the downside, though, break of 0.9357 minor support will turn bias back to the downside for retesting 0.9252 low 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. Another decline is in favor after rebound from 0.9252 completes.

Daily Pivots: (S1) 0.9795; (P) 0.9813; (R1) 0.9835; More….

Upside momentum is a bit weak, but intraday bias stays on the upside in EUR/CHF. Current rise from 0.9407 should target 61.8% projection of 0.9407 to 0.9798 from 0.9641 at 0.9883. Decisive break there will solidify the case of medium term bottoming and target 100% projection at 1.0032. On the downside, below 0.9740 minor support will turn intraday bias neutral first.

In the bigger picture, considering bullish condition in daily MACD, firm break of 0.9864 resistance will confirm medium term bottoming at 0.9407. Stronger rally should then be seen to 55 week EMA (now at 1.0138), even as a corrective rebound. Nevertheless, rejection by 0.9864 will bring down trend resumption through 0.9407 next.

Daily Pivots: (S1) 0.9557; (P) 0.9571; (R1) 0.9591; More…

Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish with 0.9601 resistance intact. On the downside, decisive break of 0.9513 will resume the decline from 1.0095, towards 0.9407 low. However, break of 0.9601 resistance will turn bias back to the upside for stronger rebound to 0.9646 resistance and above.

In the bigger picture, medium term outlook is staying bearish as the cross is capped well below falling 55 W EMA (now at 0.9818). Down trend from 1.2004 (2018 high) is in favor to continue. Sustained break of 0.9407 will target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. For now, this will remain the favored case as long as 0.9670 support turned resistance holds, in case of strong rebound.

Daily Pivots: (S1) 0.9309; (P) 0.9325; (R1) 0.9342; More…

Further decline could be seen in EUR/CHF with 0.9363 minor resistance intact. But strong support is still expected above 0.9252 low to bring rebound. On the upside, above 0.9363 minor resistance will turn bias back to the upside. Further break of 0.9471 will resume the rebound from 0.9252 to 38.2% retracement of 1.0095 to 0.9252 at 0.9574.

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. Another decline is in favor after rebound from 0.9252 completes. However, firm break of 0.9683, and sustained trading above 55 W EMA (now at 0.9638) will argue that EUR/CHF is already in a medium term rally, even as a corrective move.

Daily Pivots: (S1) 1.0327; (P) 1.0360; (R1) 1.0411; More….

EUR/CHF’s break of 1.0349 minor resistance suggests that pull back from 1.0513 has completed at 1.0216 already. More importantly, the development indicates that whole rebound from 0.9970 is still in progress. Intraday bias is back on the upside for retesting 1.0513 resistance next. On the downside, below 1.0306 minor support will turn intraday bias neutral again.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF rebounded stronger after dipping to 1.1260 last week. But upside was limited by 1.1356 resistance to close lower. Initial bias stays neutral this week first. As long as 1.1356 holds, near term outlook stays cautiously bearish and fall from 1.1501 is in favor to continue. On the downside, break of 1.1260 will target 1.1173 low. On the upside, firm break of 1.1356 resistance will argue that the pull back from 1.1501 has completed at 1.1260. In that case, further rise would be seen back to retest 1.1501.

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) 0.9627; (P) 0.9638; (R1) 0.9661; More…

Further rally is expected in EUR/CHF as long as 0.9564 minor support holds. Current rebound from 0.9416 should target 0.9691 resistance first. 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.

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.

Daily Pivots: (S1) 0.9274; (P) 0.9296; (R1) 0.9309; More…

EUR/CHF is still bounded in consolidation above 0.9252 and intraday bias remains neutral for the moment. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.9402 support turned resistance holds. 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.

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) 1.1810; (P) 1.1845; (R1) 1.1878; More…

Intraday bias in EUR/CHF remains on the upside for the moment. Medium term up trend has just resumed and further rise should be seen to 1.2 handle first. Break will target 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188 next. On the downside, below 1.1804 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.1649 support to bring another rise.

In the bigger picture, decisive break of 1.1832 should now extend the medium term up trend through prior SNB imposed floor at 1.2000. 2013 high at 1.2649should be the next target. Outlook will remain bullish as long as 1.1445 support holds, even in case of deep pull back.

Daily Pivots: (S1) 1.0280; (P) 1.0309; (R1) 1.0349; More….

Intraday bias in EUR/CHF stays neutral and further fall is expected with 1.0359 resistance intact. On the downside, below 1.0228 will reaffirm the case that corrective rebound from 0.9970 has completed at 1.0513. Deeper fall would be seen to 1.0086 support next. However, above 1.0359 will dampen this bearish view and bring stronger recovery back towards 1.0513 resistance.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

While EUR/CHF’s recovery from 0.9402 extended last week, it failed to break through 0.9543 resistance and reversed from there. Initial bias remains neutral this week first, and further decline is expected. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683 at 0.9325. However, sustained break of 0.9543 will bring further rally back to 0.9683 resistance instead.

In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Firm break of 0.9407 (2022 low) will resume long term down trend. Next target will be 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.

In the long term picture, outlook remains bearish as it’s staying well below 55 M EMA (now at 1.0307). Larger down trend from 1.2004 (2018 high) is in progress to break through 0.9407 low.

Daily Pivots: (S1) 0.9596; (P) 0.9610; (R1) 0.9635; More…

EUR/CHF is staying below 0.9630 despite today’s recovery. Intraday bias remains neutral first. As long as 0.9510 support holds, further rally is still expected. On the upside, break of 0.9630 will resume the rise from 0.9252 and target 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. However, considering bearish divergence condition in 4H MACD, firm break of 0.9510 will turn bias back to the downside for deeper fall.

In the bigger picture, as long as 0.9683 resistance holds, rebound from 0.9252 are seen as a corrective move only. Larger down trend is expected to resume through 0.9252 after the correction completes. However, firm break of 0.9683 and sustained trading above 55 W EMA (now at 0.9620) will argue that 0.9252 is already a medium term bottom. Stronger rise would then be seen 61.8% retracement of 1.0095 to 0.9252 at 0.9773 and above.

Daily Pivots: (S1) 0.9445; (P) 0.9493; (R1) 0.9531; More…

Intraday bias in EUR/CHF stays neutral and consolidation from 0.9402 could extend further. But deeper decline is expected with 0.9543 resistance intact. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683 at 0.9325. However, sustained break of 0.9543 will bring further rally back to 0.9683 resistance instead.

In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Firm break of 0.9407 (2022 low) will resume long term down trend. Next target will be 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.