Daily Pivots: (S1) 1.0703; (P) 1.0721; (R1) 1.0734; More….

Further decline in EUR/CHF is expected with 1.0750 minor resistance intact. Decisive break of 1.0694 support will resume whole decline from 1.1149. Next target is 61.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0655. On the upside, though, break of 1.0750 minor resistance will turn bias back to the upside for rebound towards 1.0811 support turned resistance first.

In the bigger picture, the rejection by 55 week EMA maintains medium term bearishness. Fall from 1.1149 (2021 high) is currently seen as the second leg of the patter from 1.0505 (2020 low) first. Hence, in case of deeper fall, we’d look for strong support from 1.0505 to bring rebound. However, sustained break of 1.0505 will resume the long term down trend from 1.2004 (2018 high). Also, medium term outlook will now be neutral at best as long as 1.0936 resistance holds.

Daily Pivots: (S1) 1.0771; (P) 1.0789; (R1) 1.0807; More….

Intraday bias in EUR/CHF remains on the downside for the moment. Current fall from 1.0936 will target a test on 1.0694 low. Firm break there will resume whole decline from 1.1149. On the upside, above 1.0860 minor resistance will turn bias back to the upside for 1.0936 resistance instead.

In the bigger picture, medium term outlook remains mixed as EUR/CHF is still failing to get rid of 55 week EMA cleanly. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

Daily Pivots: (S1) 1.1287; (P) 1.1318; (R1) 1.1339; More…

EUR/CHF lost momentum again after hitting 1.1348 and intraday bias is turned neutral first. At this point, we’re still favoring the case the choppy fall from 1.1501 has completed at 1.1224, on bullish convergence condition in 4 hour MACD. Hence, downside of current retreat should be contain well above 1.1224 to bring another rally. On the upside, break of 1.1348 will target a test on 1.1501 key resistance.

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) 1.1202; (P) 1.1218; (R1) 1.1241; More…

Intraday bias in EUR/CHF is turned neutral with today’s strong recovery. In case of another fall, 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) 1.0916; (P) 1.0942; (R1) 1.0955; More…

EUR/CHF’s fall from 1.1027 resumes by taking out 1.0921 and intraday bias is back on the downside. Further fall should be seen to 1.0863 and then 1.0811 low. On the upside, above 1.0982 minor resistance will turn intraday bias neutral again. Overall outlook is unchanged. Consolidation from 1.0811 might extend further. Upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption eventually.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.1591; (P) 1.1649; (R1) 1.1684; More…

A temporary top is in place at 1.1709 in EUR/CHF and intraday bias is turned neutral first. Some consolidations could be seen first. But outlook remains bullish as long as 1.1387 support holds. Above 1.1709 will extend the medium term rise to 61.8% projection of 1.0652 to 1.1622 from 1.1387 at 1.1986, which is close to 1.2 key level.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1355 support holds.

Daily Pivots: (S1) 1.0792; (P) 1.0812; (R1) 1.0830; More…

Intraday bias in EUR/CHF remains neutral for consolidations first. Further decline is expected as long as 1.0860 resistance holds. Larger down trend should have just resumed. Break of 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

Daily Pivots: (S1) 1.0756; (P) 1.0772; (R1) 1.0786; More….

Intraday bias in EUR/CHF remains neutral as range trading continues. On the upside, break of 1.0787 support turned resistance will argue that corrective pull back from 1.0890 has completed. Intraday bias will be turned back to the upside for retesting 1.0890. On the downside, firm break of 1.0737 support will confirm the start of another falling leg inside the pattern from 1.0915. Deeper decline would be seen to 1.0658 support.

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) 1.0173; (P) 1.0187; (R1) 1.0201; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 1.0211 minor resistance will argue that pull back form 1.0400 has completed already. Intraday bias will be back on the upside for 1.0400 first. Break will resume whole rebound from 0.9970 towards 1.0610 resistance. On the downside, though, below 1.0086 will resume the fall towards 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.1579; (P) 1.1590; (R1) 1.1605; More…

No change in EUR/CHF’s outlook as correction from 1.1709 is still unfolding. Deeper fall cannot be ruled out. But again, near term outlook stays bullish with 1.1483 support holds. Above 1.1663 will turn bias back to the upside for 1.1709 high. Break will resume medium term rally to 1.2 key level. However, break of 1.1483 will be an early sign of reversal. In that case, deeper decline should be seen back to 1.1355 support.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1355 support holds. However, break of 1.1355 will indicate medium term topping. In that case, EUR/CHF should head back to 55 week EMA (now at 1.1104) and possibly below.

Daily Pivots: (S1) 1.0864; (P) 1.0880; (R1) 1.0909; More…

EUR/CHF is staying below 1.0922 minor resistance despite today’s recovery. Intraday bias remains neutral and another decline is in factor. Break of 1.0832 will extend recent fall to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. Though, break of 1.0922 resistance will indicate short term bottoming and bring stronger rebound to 1.1062 resistance.

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) 1.0774; (P) 1.0785; (R1) 1.0803; More…

Intraday bias in EUR/CHF remains neutral for the moment and more sideway trading could be seen. Further rise is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

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) 1.1271; (P) 1.1293; (R1) 1.1322; More…

A temporary low is in place at 1.1264 in EUR/CHF and intraday bias is turned neutral first. Some consolidation could be seen but further decline is expected as long as 1.1350 support tuned resistance holds. On the downside below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly 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. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.0238; (P) 1.0278; (R1) 1.0318; More….

Intraday bias in EUR/CHF remains neutral for the moment. Corrective rebound from 0.9970 should have completed with three waves up to 1.0513, after rejection by 1.0505 key resistance. Below 1.0228 will target 1.0086 support. Firm break there will bring retest of 0.9970 low. However, break of 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.

Daily Pivots: (S1) 0.9785; (P) 0.9805; (R1) 0.9836; More…

Range trading continues in EUR/CHF and intraday bias remains neutral. Risk will stay on the upside as long as as long as 0.9774 short term bottom holds. Current development suggests that whole correction from 1.0095 has completed at 0.9704. Break of 0.9878, and sustained trading above 55 D EMA (now at 0.9869) will affirm this bullish case, and target 0.9995 resistance next.

In the bigger picture, prior rejection by 55 W EMA (now at 0.9972) and 38.2% retracement of 1.1149 to 0.9407 at 1.0072 suggests that medium term outlook is staying bearish. That is, down trend from 1.2004 is not completed yet and is in favor to resume through 0.9407 at a later stage. However, decisive break of 1.0095 resistance will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484).

Daily Pivots: (S1) 1.0928; (P) 1.0938; (R1) 1.0951; More….

Intraday bias in EUR/CHF stays mildly on the downside for the moment. Rebound from 1.0863 could have completed at 1.0985, after rejection by medium term channel resistance. Deeper fall would be seen to 1.0863 support first. Break there will resume whole decline from 1.1149 to 1.0737 cluster support zone. For now, risk will be on the downside as long as 1.0985 holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0836; (P) 1.0850; (R1) 1.0860; More…

No change in EUR/CHF’s outlook. Corrective fall from 1.0986 might extend. But downside downside should be contained by 1.0791/0872 support zone, probably around 55 day EMA (now at 1.0829). Rise from 1.0629 is expected to resume later. Above 1.0902 minor resistance will turn bias back to the upside for 1.0986/0999.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 1.0704; (P) 1.0721; (R1) 1.0735; More…

Intraday bias in EUR/CHF remains neutral for the moment as it’s bounded in range of 1.0677/0762. Below 1.0677 will extend the corrective fall from 1.1198 and target 1.0620 key support level. On the upside, above 1.0762 will turn focus back to 1.0897 resistance. Decisive break there will suggest reversal and turn near term outlook bullish.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress and retest of 38.2% retracement of 0.9771 to 1.1198 at 1.0653 could be seen. Sustained trading below 1.0653 will target 50% retracement at 1.0485. Meanwhile, break of 1.0897 resistance will argue that the larger up trend is finally resuming for above 1.1198.

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EUR/CHF’s strong rally last week affirmed our view of trend reversal. That is, corrective pattern from 1.1198 has completed already after defending 1.0653 fibonacci level. Nonetheless, as the cross lost momentum ahead of 1.0999 resistance, we’d expect some more consolidation in near term before another rally.

Initial bias in EUR/CHF stays neutral this week for consolidation. Deeper pull back could be seen but downside is expected to be contained by 1.0791/0872 support zone to bring rise resumption. As noted before, the consolidative pattern from 1.1198 should be completed. Firm break of 1.0999 resistance will pave the way for a retest on 1.1198 high.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Current strong rebound is raising the chance that it’s completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 1.0857; (P) 1.0882; (R1) 1.0901; More…

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.