EUR/CHF’s decline extended last week and reached as low as 1.1185. The cross is now in key support zone of 1.1154/98. We’re still expect strong support from the current level to contain downside and bring rebound. And 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.

Daily Pivots: (S1) 1.1187; (P) 1.1250; (R1) 1.1282; More…

EUR/CHF dipped further to as low as 1.1208 so far as recent decline resumed. For now, there is no clear sign of bottoming yet and deeper fall could be seen. But we’d continue to expect strong support from key support zone at 1.1154/98 to contain downside and bring rebound. On the upside, break of 1.1319 minor resistance will indicate short term bottoming and turn bias 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 1.1173) 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) 1.1293; (R1) 1.1332; More…

EUR/CHF recovered to 1.1319 but failed to break through 4 hour 55 EMA and retreated. Intraday bias stays neutral first. On the downside, break of 1.1236 will resume larger fall from 1.2004 to key support zone at 1.1154/98. We’d expect strong support from there to bring rebound. On the upside, sustained break of 4 hour 55 EMA (now at 1.1317) will turn bias back to the upside for 1.1452 resistance. 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 1.1173) 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) 1.1253; (P) 1.1273; (R1) 1.1304; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1236 temporary low. For now deeper decline is still in favor as long as 1.1310 minor resistance holds. Below 1.1236 will target key support zone at 1.1154/98. We’d expect strong support from there to bring rebound. On the upside, above 1.1310 minor resistance will turn bias back to the upside for 1.1452 resistance. 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 1.1173) 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) 1.1243; (P) 1.1258; (R1) 1.1277; More…

With 4 hour MACD crossed above signal line, a temporary low is in place at 1.1236 after breaching 1.1242 support. Intraday bias is turned neutral for consolidation. Further fall is expected as long as 1.1310 minor resistance holds. Below 1.1236 will target key support zone at 1.1154/98. At this point, we’d still expect strong support from there to bring rebound. On the upside, above 1.1310 minor resistance will turn bias back to the upside for 1.1452 resistance. 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 1.1173) 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) 1.1212; (P) 1.1268; (R1) 1.1298; More…

EUR/CHF recovers mildly today but still, intraday bias stays on the downside for key support zone at 1.1154/98. At this point, we’d still expect strong support from there to bring rebound. On the upside, above 1.1310 minor resistance will turn bias back to the upside for 1.1452 resistance. 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 1.1173) 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’s sharp decline last week and breach of 1.1242 low indicates resumption of larger down trend from 1.2004. Initial bias stays on the downside this week for key support zone at 1.1154/98. At this point, we’d still expect strong support from there to bring rebound. On the upside, above 1.1310 minor resistance will turn bias back to the upside for 1.1452 resistance. 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 1.1173) 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) 1.1284; (P) 1.1328; (R1) 1.1353; More…

EUR/CHF’s fall from 1.1452 continues today and reaches as low as 1.1269 so far. Intraday bias remains on the downside for 1.1242 low first. Break will bring a test on key support zone at 1.1154/98. On the upside, above 1.1343 minor resistance will turn intraday bias neutral first. In that case, more range trading would likely be seen above 1.1242 in the near term.

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 1.1198 (2016 high), 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 1.1189) 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.

Daily Pivots: (S1) 1.1327; (P) 1.1379; (R1) 1.1415; More…

EUR/CHF’s break of 1.1363 minor support suggests that rebound from 1.1242 has completed earlier than expected at 1.1452, ahead of 1.1489 support turned resistance. Intraday bias is turned back to the downside for retesting 1.1242 low first. Break will bring a test on key support zone at 1.1154/98. On the upside, though, above 1.1452 will resume the rebound from 1.1242. Further break of 1.1489 will add to the case of bullish trend reversal.

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 1.1198 (2016 high), 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 1.1189) 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.

Daily Pivots: (S1) 1.1406; (P) 1.1431; (R1) 1.1444; More…

A temporary top is in place at 1.1452 in EUR/CHF with 4 hour MACD crossed below signal line. Intraday bias is turned neutral first. For now, further rise is expected as long as 1.1363 minor support holds. Above 1.1452 will extend the rebound from 1.1242 short term bottom to 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. However, on the downside, below 1.1329 minor support will turn bias to the downside for retesting 1.1242 low instead.

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 1.1198 (2016 high), 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 1.1189) 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.

Daily Pivots: (S1) 1.1417; (P) 1.1433; (R1) 1.1456; More…

Intraday bias in EUR/CHF stays on the upside. Current rise from 1.1242 short term bottom is target 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support will turn bias to the downside for retesting 1.1242 low instead.

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 1.1198 (2016 high), 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 1.1189) 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.

Daily Pivots: (S1) 1.1384; (P) 1.1408; (R1) 1.1453; More…

Intraday bias in EUR/CHF remains on the upside as rebound from 1.1242 short term bottom is in progress for 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support, will turn bias to the downside for retesting 1.1242 low.

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 1.1198 (2016 high), 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 1.1189) 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.

EUR/CHF’s rebound from 1.1242 short term bottom extended higher last week after brief consolidation. Initial bias is on the upside this week for 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support, will turn bias to the downside for retesting 1.1242 low.

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 1.1198 (2016 high), 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 1.1189) 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.

Daily Pivots: (S1) 1.1361; (P) 1.1384; (R1) 1.1405; More…

Intraday bias in EUR/CHF remains neutral for consolidation below 1.1418 temporary top. As long as 1.1329 minor support holds, further rise is expected in the cross. On the upside, break of 1.1418 will target 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus will be back on 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 1.1198 (2016 high), 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 1.1173) 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.

Daily Pivots: (S1) 1.1381; (P) 1.1395; (R1) 1.1416; More…

A temporary top is in place at 1.1418 and intraday bias in EUR/CHF is turned neutral first. Another rise is expected as long as 1.1329 minor support holds. Above 1.1418 will target 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus will be back on 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 1.1198 (2016 high), 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 1.1173) 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.

Daily Pivots: (S1) 1.1362; (P) 1.1391; (R1) 1.1424; More…

With 1.1329 minor support intact, further rise is still expected in EUR/CHF for 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus is back on 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 1.1198 (2016 high), 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 1.1173) 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.

Daily Pivots: (S1) 1.1359; (P) 1.1379; (R1) 1.1405; More…

Intraday bias in EUR/CHF remains mildly on the upside at this point. rebound from 1.1242 short term bottom is still in progress for 1.1489 support turned resistance. Firm break there will add some credence in near term reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus is back on 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 1.1198 (2016 high), 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 1.1173) 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.

Daily Pivots: (S1) 1.1341; (P) 1.1369; (R1) 1.1416; More…

EUR/CHF retreats mildly after hitting 4 hour 55 EMA. But for now, rebound from 1.1242 short term bottom is still expected to continue for 1.1489 support turned resistance. Firm break there will add some credence in near term reversal ahead of key support zone between 1.1154/98. Nonetheless, break of 1.1242 will extend the larger corrective fall from 1.2004. But in that case, we’d expect strong support between 1.1154/98 to contain downside and bring reversal.

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 1.1198 (2016 high), 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 1.1173) 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.

EUR/CHF dropped to 1.1242 last week but rebounded from there since then. A short term bottom should be in place, ahead of key support zone between 1.1154/98. Initial bias is back on the upside this week for 1.1489 support turned resistance first. Firm break there will add some credence in near term reversal and target 1.1713 resistance next. Fall from 1.2004 is viewed as a correction. Hence, in case of another decline, we’d expect strong support between 1.1154/98 to contain downside and bring reversal.

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 1.1198 (2016 high), 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 1.1173) 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.

Daily Pivots: (S1) 1.1284; (P) 1.1317; (R1) 1.1373; More…

Intraday bias in EUR/CHF remains neutral at this point. Current decline from 1.2004 might extends lower. But even in that case, we’d expect strong support from 1.1154/98 to contain downside and bring rebound. Meanwhile, Meanwhile, considering mild bullish convergence condition in 4 hour MACD, break of 1.1354 will indicate short term bottoming. Stronger rebound should then be seen towards 1.1489 support turned 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 1.1154/98 support zone, 1.1198 (2016 high), 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 1.1173) 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.