Daily Pivots: (S1) 1.1243; (P) 1.1275; (R1) 1.1306; More…

As long as 1.1354 minor resistance holds, further decline is expected in EUR/CHF to key support zone at 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004. 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.

Daily Pivots: (S1) 1.1243; (P) 1.1299; (R1) 1.1333; More…

EUR/CHF’s decline resumed after brief consolidation and intraday bias is back on the downside. Current fall should extend to key support zone between 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004. On the upside, above 1.1354 minor resistance will turn intraday bias neutral 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 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.

Daily Pivots: (S1) 1.1290; (P) 1.1326; (R1) 1.1365; More…

A temporary low is in place at 1.1285 in EUR/CHF and intraday bias is turned neutral first. Deep fall is expected as long as 1.1489 support turned resistance holds. Below 1.1285 will target key support zone between 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004.

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.

Daily Pivots: (S1) 1.1310; (P) 1.1389; (R1) 1.1438; More…

EUR/CHF’s decline extends to as low as 1.1285 so far today. 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319 is already met but there is no sign of bottoming yet. Intraday bias stays on the downside for key support zone between 1.1154/98. On the upside, above 1.1371 minor resistance will turn intraday bias neutral and bring consolidation. But recovery should be limited below 1.1489 support turned resistance to bring another fall.

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.

EUR/CHF dropped sharply to as low as 1.1336 last week. Break of 1.1366 confirmed resumption of whole decline from 1.2004. Initial bias stays on the downside this week for 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319. Decisive break there will target key support zone between 1.1154/98. On the upside, above 1.1415 minor resistance will turn intraday bias neutral and bring consolidation. But recover should be limited below 1.1489 support turned resistance to bring another fall.

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) 1.1425; (P) 1.1481; (R1) 1.1512; More…

EUR/CHF’s fall accelerates to as low as 1.1401 so far today. Intraday bias stays on the downside for 1.1366 low next. Break there will resume whole fall from 1.2004 and target 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319. On the upside, above 1.1460 minor resistance will turn intraday bias neutral and bring consolidations. But upside of recovery should be limited well below 1.1556 resistance to bring fall resumption.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen between 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1519; (P) 1.1539; (R1) 1.1551; More…

EUR/CHF’s decline from 1.1713 resumes by taking out 1.1489/ after brief recovery. Intraday bias is back on the downside. Decisive break of 1.1478 support will confirm our bearish view. That is corrective rebound from 1.1366 has completed at 1.1713. And, larger fall from 1.2004 is resuming. In that case, retest of 1.1366 should be seen next. On the upside, break of 1.1556 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain cautiously bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1519; (P) 1.1539; (R1) 1.1551; More…

EUR/CHF weakens mildly after hitting 4 hour 55 EMA. But it’s held well above 1.1489 temporary low. Intraday bias remains neutral and more consolidation could be seen. In case of another recovery, though, upside should be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1520; (P) 1.1535; (R1) 1.1561; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1489 temporary low. We’d expect upside of recovery to be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1491; (P) 1.1510; (R1) 1.1533; More…

A temporary low in formed at 1.14879 in EUR/CHF and intraday bias is turned neutral for some consolidation. But upside of recovery should be limited by 1.1603 minor resistance to bring fall resumption. We’re holding on to the view that corrective rebound from 1.1366 has completed at 1.1713. Break of 1.1478 support will confirm and target 1.1366 low and below. However, break of 1.1603 will turn bias back to the upside for 1.1713 resistance instead.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1485; (P) 1.1515; (R1) 1.1532; More…

Intraday bias in EUR/CHF remains on the downside as fall from 1.1713 is in progress for 1.1478 support. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. Retest of 1.1366 low should then be seen. On the upside, break of 1.1603 resistance is needed to indicate completion of the fall from 1.1713. Otherwise, near term outlook will stay bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

EUR/CHF’s fall from 1.1713 extended last week as expected. Downside acceleration affirm our bearish view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Initial bias stays on the downside this week. Break of 1.1478 support will further confirm our view and target 1.1366 low. On the upside, break of 1.1603 resistance is needed to indicate completion of the fall from 1.1713. Otherwise, near term outlook will stay bearish in case of recovery.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1517; (P) 1.1546; (R1) 1.1561; More…

No change in EUR/CHF’s outlook. Fall from 1.1713 is in progress for 1.1478 support first. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1603 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1553; (P) 1.1579; (R1) 1.1594; More…

Downside momentum in EUR/CHF is a bit unconvincing. But still, deeper decline is expected with 1.1637 minor resistance intact. Current fall from 1.1713 should target 1.1478 support first. . Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1561; (P) 1.1580; (R1) 1.1599; More…

No change in EUR/CHF’s outlook despite diminishing downside momentum. As long as 1.1637 minor resistance holds, deeper decline is expected to 1.1478 support. Break there will confirm completion of corrective rebound from 1.1366 at 1.1713. EUR/CHF should then resume the decline from 1.2004 through 1.1366. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1552; (P) 1.1581; (R1) 1.1597; More…

Despite diminishing downside momentum, intraday bias in EUR/CHF stays on the downside for further 1.1478 support. As noted before, the corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Break of 1.1478 will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1574; (P) 1.1590; (R1) 1.1614; More…

No change in EUR/CHF’s outlook. The corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Deeper fall is expected this week for 1.1478 support first. Break there will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

EUR/CHF gyrated lower last week as the decline from 1.1713 extended. Outlook remains unchanged that corrective rebound from 1.1366 should have completed with three waves up to 1.1713 already. Deeper fall is expected this week for 1.1478 support first. Break there will confirm our bearish view and target 1.1366 low and below. Nonetheless, on the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1552; (P) 1.1596; (R1) 1.1619; More…

EUR/CHF’s fall from 1.1713 resumes quickly after brief consolidation. Intraday bias is back on the downside for 1.1478 support. We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Break of 1.1478 will confirm and pave the way to 1.1366 low. On the upside, above 1.1637 minor resistance will turn bias back to the upside and could extend the rise from 1.1366. But even in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 1.1605; (P) 1.1621; (R1) 1.1646; More…

Intraday bias in EUR/CHF is turned neutral with current recovery. But another fall is still in favor with 1.1653 minor resistance intact. We’re holding on to the view that corrective rebound from 1.1366 has completed with three waves up to 1.1713 already. Below 1.1593 will target 1.1478 support to confirm this case. However, above 1.1653 minor resistance will bring another rise. But in that case, we’d expect strong resistance from 61.8% retracement of 1.2004 to 1.1366 at 1.1760 to bring near term reversal.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.