EUR/CHF’s rebound halted after hitting 1.1414 last week. But subsequent retreat was contained well above 1.1221 so support so far. Intraday bias stays neutral this week and further rise remains in favor. On the, above 1.1414 will target 1.1452 resistance first. Decisive break there should confirm bullish reversal, after drawing strong support from 1.1154/98 zone. In that case, outlook will be turned bullish for 1.1713 resistance next. However, break of 1.1221 will turn focus back to 1.1154/98.

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. This cluster level is in proximity to long term channel support (now at 1.1234) too. 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) 1.1321; (P) 1.1369; (R1) 1.1426; More…

EUR/CHF edged higher to 1.1414 but quickly retreated again. Intraday bias remains neutral at this point. Further rally is still in favor as long as 1.1221 support holds. Above 1.1414 will target 1.1452 resistance. Decisive break there should confirm near term reversal. That is, whole correction from 1.2004 has completed at 1.1178 after hitting 1.1154/98 key support zone. However, break of 1.1221 will turn focus back to 1.1154/98 key support zone.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1319; (P) 1.1352; (R1) 1.1372; More…

EUR/CHF’s rebound lost momentum after hitting 1.1384 and retreated sharply from there. Intraday bias is turned neutral first. For now, another rise remains mildly in favor as long as 1.1221 support holds, break of 1.1384 will resume the rebound from 1.1178 and target 1.1452 resistance. Decisive break there should confirm near term reversal. That is, whole correction from 1.2004 has completed at 1.1178 after hitting 1.1154/98 key support zone. However, break of 1.1221 will turn focus back to 1.1154/98 key support zone.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1325; (P) 1.1354; (R1) 1.1384; More…

With 1.1317 minor resistance intact, intraday bias in EUR/CHF remains on the upside for 1.1452 resistance. Decisive break there should confirm near term reversal. That is, whole correction from 1.2004 has completed at 1.1178 after hitting 1.1154/98 key support zone. In that case, further rise should be seen to 1.1713 resistance next. On the downside, below 1.1317 minor support will dampen this bullish view and turn intraday bias neutral again first.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1279; (P) 1.1309; (R1) 1.1364; More…

EUR/CHF rises to as high as 1.1379 so far today and intraday bias remains on the upside for 1.1452 resistance. Firm break there should confirm near term reversal. That is, whole correction from 1.2004 has completed at 1.1178 after hitting 1.1154/98 key support zone. In that case, further rise should be seen to 1.1713 resistance next. On the downside, below 1.1317 minor support will dampen this bullish view and turn intraday bias neutral again first.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1279; (P) 1.1309; (R1) 1.1364; More…

EUR/CHF’s break of 1.1342 resistance suggests that rebound from 1.1178 has resumed. Also, it affirms the case of bullish reversal after hitting 1.1154/98 key support zone. Intraday bias is back on the upside for 1.1452 resistance for confirmation. On the downside, in case of another fall, we’d continue to expect strong support from 11.1154/98 to bring rebound.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1217; (P) 1.1264; (R1) 1.1306; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. In case of another fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring reversal. On the upside, break of 1.1342 will reaffirm the case of bullish reversal and target 1.1452 resistance for confirmation. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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.

EUR/CHF stayed in range of 1.1178/1342 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring reversal. On the upside, break of 1.1342 will reaffirm the case of bullish reversal and target 1.1452 resistance for confirmation. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1271; (P) 1.1297; (R1) 1.1320; More…

Intraday bias in EUR/CHF remains neutral at this point. On the upside, break of 1.1342 will reaffirm the case of trend reversal after hitting key support zone of 1.1154/98. Intraday bias will be turned to the upside for 1.1452 resistance. Break should confirm that whole decline from 1.2004 has completed and target 1.1713 resistance next. In case of another fall, we’d still expect strong support from 1.1154/98 to bring rebound.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1249; (P) 1.1288; (R1) 1.1330; More…

At this point, EUR/CHF is still staying below 1.1342 minor resistance and intraday bias remains neutral. On the upside, break of 1.1342 will reaffirm the case of trend reversal after hitting key support zone of 1.1154/98. Intraday bias will be turned to the upside for 1.1452 resistance. Break should confirm that whole decline from 1.2004 has completed and target 1.1713 resistance next. In case of another fall, we’d still expect strong support from 1.1154/98 to bring rebound.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1230; (P) 1.1246; (R1) 1.1271; More…

EUR/CHF recovers notably today but stays below 1.1342 minor resistance. Intraday bias remains neutral first. Even in case of another fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring strong rebound. On the upside, above 1.1342 will target 1.1452 resistance first. Break should confirm that whole decline from 1.2004 has completed and target 1.1713 resistance next. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1230; (P) 1.1246; (R1) 1.1261; More…

EUR/CHF’s retreat from 1.1342 is still in progress and intraday bias stays neutral. Outlook is unchanged that in case of deeper fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring strong rebound. On the upside, above 1.1342 will target 1.1452 resistance first. Break should confirm that whole decline from 1.2004 has completed a target 1.1713 resistance next. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1222; (P) 1.1263; (R1) 1.1286; More…

Intraday bias in EUR/CHF remains neutral for the moment. In case of deeper fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring reversal. On the upside, above 1.1342 will target 1.1452 resistance first. Break should confirm that whole decline from 1.2004 has completed a target 1.1713 resistance next. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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.

EUR/CHF rebounded to 1.1342 last week but retreated notably since then. Initial bias stays neutral this week first. In case of deeper fall, we’d continue to expect strong support from key support zone of 1.1154/98 to bring reversal. On the upside, above 1.1342 will target 1.1452 resistance first. Break should confirm that whole decline from 1.2004 has completed a target 1.1713 resistance next. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1207) too. 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) 1.1261; (P) 1.1290; (R1) 1.1318; More…

Despite breaching 1.1265 minor support, EUR/CHF quickly recovered. Intraday bias is turned neutral first. ON the upside, break of 1.1342 resistance will revive the case of near term reversal. Bias would be turned back to the upside for 1.1452 resistance for confirmation. In case of another fall, we’d continue to expect strong support from 1.1154/98 key support zone to bring rebound.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. 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) 1.1265; (P) 1.1289; (R1) 1.1308; More…

EUR/CHF’s breach of 1.1265 minor support dampen the bullish view and argue that rebound from 1.1178 has completed at 1.1342. Intraday bias is turned back to 1.1154/98 key support. We’d still expect strong support from this key zone to bring rebound. On the upside, above 1.1342 will revive the case of near term reversal and target 1.1452 resistance.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. 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) 1.1251; (P) 1.1297; (R1) 1.1332; More…

Further rise remains mildly in favor in EUR/CHF as long as 1.1265 minor support holds. A short term bottomed should be formed at 1.1178 after hitting 1.1154/98 key support holds. EUR/CHF should target 1.1452 resistance and break will be another indication that whole fall from 1.2004 has completed. On the downside, however, break of 1.1265 minor support will turn focus back to 1.1154/98 key support zone.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. 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) 1.1215; (P) 1.1266; (R1) 1.1354; More…

EUR/CHF’s strong rally and break of 1.1319 minor resistance suggests short term bottoming at 1.1178. More importantly, considering bullish convergence in 4 hour and daily MACD too, EUR/CHF should have drawn strong support from 1.1154/98 and is reversing. Intraday bias is turned back to the upside. Decisive break of 1.1452 resistance will be another indication that whole fall from 1.2004 has completed. On the downside, however, break of 1.1265 minor support will turn focus back to 1.1154/98 key support zone.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. 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) 1.1174; (P) 1.1209; (R1) 1.1236; More…

EUR/CHF rebounds strongly today but it’s kept below 1.1319 minor resistance. Intraday bias is turned neutral first. Outlook is unchanged that strong support is expected from 1.1154/98 to bring rebound. On the upside, break of 1.1319 resistance will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 1.1452 resistance next. Break of 1.1452 will add to the case that whole correction from 1.2004 is completed. On the downside, however, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. A break of 1.2 key resistance is still expected in the medium to 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) 1.1174; (P) 1.1209; (R1) 1.1236; More…

No change in EUR/CHF’s outlook. We’d continue to expect strong support from key support zone of 1.1154/98 to bring rebound. On the upside, break of 1.1319 resistance will indicate short term bottoming. In such case, intraday bias will be turned back to the upside for 1.1452 resistance next. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the 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. This cluster level is in proximity to long term channel support (now at 1.1196) too. 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.