Daily Pivots: (S1) 1.1377; (P) 1.1408; (R1) 1.1427; More…

EUR/CHF is staying in consolidation from 1.1476 and intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1335) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed 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. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1398; (P) 1.1421; (R1) 1.1454; More…

Intraday bias in EUR/CHF remains neutral as recovery was limited well below 1.1476 resistance so far. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1333) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed 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. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1371; (P) 1.1390; (R1) 1.1424; More…

EUR/CHF recovered after hitting 1.1350 and intraday bias is turned neutral first. Some recovery could be seen first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1327) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed 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. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1348; (P) 1.1367; (R1) 1.1383; More…

Intraday bias in EUR/CHF remains mildly on the downside for the moment. Fall from 1.1476 short term top would extend to 55 day EMA (now at 1.1324) first. Sustained break will pave the way back to 1.1162 low. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed 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. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

EUR/CHF surged to as high as 1.1476 last week and breached 1.1444 resistance. However, it was rejected below 38.2% retracement of 1.2004 to 1.1162 at 1.1484. With a short term top formed, intraday bias is now mildly on the downside this week for 55 day EMA (now at 1.1324) first. Sustained break will pave the way back to 1.1162 low. On the upside, break of 1.1484 fibonacci resistance will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed 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. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term.

Daily Pivots: (S1) 1.1347; (P) 1.1368; (R1) 1.1381; More…

EUR/CHF’s break of 1.1365 minor support suggests short term topping at 1.1476, after being rejected by 38.2% retracement of 1.2004 to 1.1162 at 1.1484. Intraday bias is turned back to the downside for 55 day EMA (now at 1.1324). Sustained break will bring deeper decline to retest 1.1162 low. On the upside, break of 1.1484 fibonacci resistance will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1355; (P) 1.1407; (R1) 1.1434; More…

EUR/CHF’s pull back from 1.1476 extends lower but stays above 1.1366 minor support. Intraday bias remains neutral first. Near term outlook stays bullish as long as 1.1366 minor support holds and further rally is expected. On the upside, decisive break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 should confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. Nevertheless, break of 1.1366 would indicate rejection from 1.1484 fibonacci level and turn bias to the downside.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1422; (P) 1.1450; (R1) 1.1479; More…

EUR/CHF retreats mildly after hitting 1.1476 and intraday bias is turned neutral for some consolidations first. Near term outlook stays bullish as long as 1.1366 minor support holds and further rally is expected. On the upside, decisive break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 should confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. Nevertheless, break of 1.1366 would indicate rejection from 1.1484 fibonacci level and turn bias to the downside.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1409; (P) 1.1425; (R1) 1.1451; More…

EUR/CHF’s rally accelerates to as high as 1.1476 so far today. Break of 1.1444 resistance suggests that corrective fall fro 1.2004 has completed at 1.1162 already, just ahead of 1.1154 long term fibonacci level. Intraday bias stays on the upside with focus on 38.2% retracement of 1.2004 to 1.1162 at 1.1484. Sustained break will pave the way to 61.8% retracement at 1.1682 and above. On the downside, break of 1.1366 support is needed to indicate short term topping. Otherwise, near term outlook will remain bullish in case of retreat.

In the bigger picture, the decline from 1.2004 (2018 high) is seen as a corrective move. It could have completed at 1.1162 after breaching 1.1198 support briefly. Sustained break of 1.1444 should pave the way back to retest 1.2004 high, which is close to 1.2 prior SNB imposed EUR/CHF ceiling. This will now remain the preferred case as long as 1.1162 low holds.

Daily Pivots: (S1) 1.1409; (P) 1.1425; (R1) 1.1451; More…

EUR/CHF’s rally extends to as high as 1.1439 so far. Intraday bias stays is back on the upside for 1.1444 key resistance. Decisive break of 1.1444 will indicate larger bullish reversal. EUR/CHF should target 1.1501 resistance first. On the downside, however, break of 1.1366 support will indicate rejection from 1.1444 key resistance. Intraday bias will be turned back to the downside for retesting 1.1154 long term fibonacci support.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1382; (P) 1.1403; (R1) 1.1440; More…

EUR/CHF drops sharply after hitting 1.1422, ahead of 1.1444 key resistance. Intraday bias is turned neutral first. For now, further rise is mildly in favor as long as 1.1343 minor support holds. Decisive break of 1.1444 will indicate larger bullish reversal. However, break of 1.1343 will argue that the whole rebound from 1.1162 has completed. Intraday bias will be turned back to the downside for retesting 1.1154 long term fibonacci support.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1347; (P) 1.1362; (R1) 1.1384; More…

EUR/CHF surges to as high as 1.1393 so far today. Intraday bias remains on the upside for 1.1444 key resistance next. Decisive break there will indicate larger bullish reversal. On the downside, below 1.1343 minor support will turn intraday bias neutral first, before staging another rally.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1331; (P) 1.1343; (R1) 1.1364; More….

EUR/CHF’s rise from 1.1162 is still in progress and intraday bias stays on the upside for 1.1384 resistance. Break will target 1.1444 key resistance next. On the downside, however, break of 1.1281 minor support will indicate completion of the rebound and turn bias back to the downside for 1.1162 low.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds. However, decisive break of 1.1444 will indicate completion of fall from 1.2004 and turn medium term outlook bullish.

Daily Pivots: (S1) 1.1299; (P) 1.1316; (R1) 1.1347; More….

Intraday bias in EUR/CHF remains on the upside for the moment. Current development suggests that fall from 1.1444 has completed at 1.1162 already. Further rise should be seen to 1.1384 resistance first. Break will target 1.1444 key resistance next. On the downside, however, break of 1.1254 will indicate completion of the rebound and turn bias back to the downside for 1.1162 low.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds. However, decisive break of 1.1444 will indicate completion of fall from 1.2004 and turn medium term outlook bullish.

EUR/CHF’s rise from 1.1162 accelerated to as high as 1.1331 last week. The development suggests that fall from 1.1444 has completed at 1.1162 already. Initial bias stays on the upside for 1.1384 resistance first. Break will target 1.1444 key resistance next. On the downside, however, break of 1.1254 will indicate completion of the rebound and turn bias back to the downside for 1.1162 low.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds. However, decisive break of 1.1444 will indicate completion of fall from 1.2004 and turn medium term outlook bullish.

In the long term picture, the current development argues that long term up trend has completed at 1.2004 after rejection of 1.2 key resistance. Sustained break of 1.1198 support will confirm this bearish case and target 1.0629 and below.

Daily Pivots: (S1) 1.1282; (P) 1.1299; (R1) 1.1308; More…

EUR/CHF’s rise from 1.1162 is still in progress and intraday bias remains on the upside. Sustained trading above 1.1310 support turned resistance will pave the way to retest 1.1444 key resistance level next. On the downside, below 1.1254 minor support will turn bias back to the downside for 1.1154 key fibonacci level instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1271; (P) 1.1288; (R1) 1.1321; More…

Intraday bias in EUR/CHF remains on the upside as rise from 1.1162 is in progress for 1.1310 support turned resistance. Firm break there will target 1.1444 key resistance next. On the downside, below 1.1245 minor support will turn bias back to the downside for 1.1154 key fibonacci level instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1243; (P) 1.1262; (R1) 1.1280; More…

EUR/CHF’s rebound from 1.1162 is still in progress. Intraday bas remains on the upside for 1.1310 support turned resistance first. Firm break there will target 1.1444 key resistance next. On the downside, below 1.1240 minor support will turn bias back to the downside for 1.1154 key fibonacci level instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1243; (P) 1.1262; (R1) 1.1280; More…

Intraday bias in EUR/CHF remains on the upside at this point. A short term bottom was formed at 1.1162, ahead of 1.1154 key fibonacci support. Further rise would be seen to 1.1310 support turned resistance first. Break will target 1.1444. On the downside, below 1.1207 minor support will turn bias back to the downside for 1.1154 instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.

Daily Pivots: (S1) 1.1221; (P) 1.1239; (R1) 1.1267; More…

EUR/CHF’s rebound from 1.1162 extends higher today and break of 1.1256 minor resistance suggests short term bottoming at 1.1162, ahead of 1.1154 key fibonacci support. Intraday bias is back on the upside for 1.1310 support turned resistance first. Break will target 1.1444. On the downside, below 1.1207 minor support will turn bias back to the downside for 1.1154 instead.

In the bigger picture, multiple rejection by 55 week EMA indicates medium term bearishness. Focus remains on 1.1154/98 support zone (2016 high and 61.8% retracement of 1.0629 to 1.2004 at 1.1154). Decisive break there will confirm resumption of whole down trend from 1.2004 and long term bearish reversal. EUR/CHF should then target 1.0629 support and below. This will now remain the favored case as long as 1.1444 resistance holds.