Daily Pivots: (S1) 1.1175; (P) 1.1194; (R1) 1.1216; More….

EUR/CHF’s break of 1.1186 minor support suggests that corrective recovery from 1.1119 has completed at 1.1264 already. Intraday bias is turned back to the downside for retesting 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, in case of another recovery, upside should be limited by 1.1278 resistance to bring fall resumption eventually.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1191; (P) 1.1206; (R1) 1.1223; More….

No change in EUR/CHF’s outlook and intraday bias remains neutral first. Recovery from 1.1119 is seen as a correction and upside should be limited by 1.1278 resistance to bring fall resumption. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1183; (P) 1.1205; (R1) 1.1219; More….

Intraday bias in EUR/CHF remains neutral at this point. Recovery from 1.1119 is seen as a correction and upside should be limited by 1.1278 resistance to bring fall resumption. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

EUR/CHF’s recovery from 1.1119 extended to 1.1264 last week but failed to break through 1.1278 resistance as expected. Initial bias is neutral this week first and some more consolidations could be seen. On the downside, break of 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1187; (P) 1.1219; (R1) 1.1238; More….

Intraday bias in EUR/CHF remains neutral at this point and consolidation from 1.1119 might extend. Upside of recovery should be limited below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1220; (P) 1.1242; (R1) 1.1260; More….

Outlook in EUR/CHF remains unchanged as consolidation from 1.1119 is in progress. In case of stronger rise, upside should be below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next limited.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1204; (P) 1.1224; (R1) 1.1260; More….

EUR/CHF’s recovery from 1.1119 extends further but outlook is unchanged. Upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, below 1.1186 minor support will turn intraday bias back to the downside for 1.1119 first. Break there will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1185; (P) 1.1197; (R1) 1.1210; More….

EUR/CHF recovers mildly today and consolidation from 1.1119 is extending. Intraday bias stays neutral first. In case of stronger recovery, upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1174; (P) 1.1190; (R1) 1.1213; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1119 temporary low is extending. In case of stronger recovery, upside should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

EUR/CHF dropped further to 1.1119 last week but turned sideway since then. Initial bias remains neutral this week for consolidations first. Upside of recovery should be limited below 1.1278 resistance to bring fall resumption. On the downside, break of 1.1119 will extend recent down trend to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

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 could target 1.0629 support and below.

Daily Pivots: (S1) 1.1157; (P) 1.1177; (R1) 1.1200; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1119 is extending. In case of stronger recovery, upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1134; (P) 1.1165; (R1) 1.1194; More….

EUR/CHF is staying in consolidation from 1.1119 and intraday bias remains neutral first. In case of stronger recovery, upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1148; (P) 1.1169; (R1) 1.1186; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1119 temporary low. Upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1116; (P) 1.1160; (R1) 1.1202; More….

EUR/CHF formed a temporary low after dropping to 1.1119. Intraday bias is turned neutral for some consolidations. Upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1159; (P) 1.1192; (R1) 1.1242; More….

EUR/CHF drops sharply to as low as 1.1119 so far today after breaking 1.1162 support firmly. Current development confirms resumption of whole decline from 1.2004. Intraday bias is now on the downside for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, break of 1.1278 resistance is needed to confirm short term bottoming. Otherwise, outlook will stays bearish in case of recovery.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

EUR/CHF’s decline extended to as low as 1.1171 last week and it’s now at a critical juncture. We’d still look for strong support from 1.1162 to contain downside to bring near term reversal. On the upside, break of 1.1278 resistance will suggests that fall from 1.1476 has completed and turn near term outlook bullish. However, sustained break of 1.1162 could carry larger bearish implication.

In the bigger picture, at this point, we’re seeing fall from 1.2004 as a corrective pattern. And downside should be contained by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. However, sustained break of 1.1154 will confirm resumption of decline from 1.2004. More importantly, this will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next.

Daily Pivots: (S1) 1.1202; (P) 1.1227; (R1) 1.1242; More….

EUR/CHF’s fall from 1.1476 resumes by breaking 1.1195 and intraday bias is back on the downside. For now, we’d still expect strong support above 1.1162 to bring rebound. Break of 1.1278 resistance will indicate near term reversal and turn bias back to the upside. However, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1203; (P) 1.1229; (R1) 1.1249; More….

Intraday bias in EUR/CHF remains neutral for the moment. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1221; (P) 1.1251; (R1) 1.1276; More….

EUR/CHF failed to break through 1.1292 resistance and drops sharply today. But it’s staying above 1.1195 temporary low. Intraday bias remains neutral first. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1219; (P) 1.1241; (R1) 1.1260; More…

Intraday bias in EUR/CHF remains neutral for the moment and outlook is unchanged. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.