EUR/CHF edged higher to 1.1804 last week but quickly lost momentum. Outlook is unchanged. While rebound from 1.1445 might extend, we’d stay cautious on strong resistance from 1.1832 to bring near term reversal. On the downside, below 1.1730 minor support will turn bias to the downside first. Further break of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1773; (P) 1.1789; (R1) 1.1806; More…

No change in EUR/CHF’s outlook. Further rise could be seen as the rebound from 1.1445 extends. But still, we’ll stay cautious on strong resistance from 1.1832 to bring near term reversal. Below 1.1730 will turn bias to the downside first. Further break of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1763; (P) 1.1784; (R1) 1.1816; More…

EUR/CHF’s rise from 1.1445 resumed by edging higher to 1.1804 and intraday bias is mildly on the upside. For now, we’d stay cautious on strong resistance from 1.1832 to bring reversal. Below 1.1730 will turn bias to the downside first. Further break of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1740; (P) 1.1757; (R1) 1.1778; More…

EUR/CHF continues to stay in tight range below 1.1803 temporary top and intraday bias remains neutral. Above 1.1802 will extend the rise from 1.1445. But, we’d stay cautious on strong resistance from 1.1832 to bring reversal. Break of of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1736; (P) 1.1750; (R1) 1.1763; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1803 temporary top extends. In case of another rise, we’d stay cautious on strong resistance from 1.1832 to bring reversal. Break of of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1727; (P) 1.1746; (R1) 1.1764; More…

EUR/CHF lost momentum after hitting 1.1802 and formed a temporary top ahead of 1.1832 resistance. Intraday bias is turned neutral first. ON the downside, break of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline to retest 1.1445. In case of another rise, we’d stay cautious on strong resistance from 1.1832. However, firm break of 1.1832 will confirm resumption of larger up trend.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1734; (P) 1.1768; (R1) 1.1806; More…

Intraday bias in EUR/CHF remains on the upside for retesting 1.1832 high. At this point, we’d remain cautious on strong resistance from there to bring another fall to extend recent corrective pattern. Though, firm break will confirm resumption of larger up trend. On the downside, break of 1.1649 support will turn focus back to 1.1445 instead.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1727; (P) 1.1750; (R1) 1.1763; More…

EUR/CHF’s rally from 1.1445 is still in progress and further rise should be seen to retest 1.1832 resistance. At this point, we’d remain cautious on strong resistance from there to bring another fall to extend recent corrective pattern. Though, firm break will confirm resumption of larger up trend. On the downside, break of 1.1649 support will turn focus back to 1.1445 instead.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1713; (P) 1.1743; (R1) 1.1798; More…

EUR/CHF surges to as high as 1.1772 so far today. Break of 1.1748 confirms resumption of the rise from 1.1445. Intraday bias is back on the upside for retest 1.1832 resistance. At this point, we’re remain cautious on strong resistance from there to bring another fall to extend recent corrective pattern. Though, firm break will confirm resumption of larger up trend. On the downside, break of 1.1649 support will turn focus back to 1.1445 instead.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1660; (P) 1.1688; (R1) 1.1722; More…

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, above 1.1748 will resume the rebound from 1.1445 to retest 1.1832 high. But we’d cautious on strong resistance from there to bring another fall to extend recent corrective pattern. On the downside, below 1.1649 minor support will affirm that case that corrective pattern from 1.1832 is extending with another falling leg. And, intraday bias will be turned to the downside for 55 day EMA (now at 1.1635). Sustained break will target 1.1445 support and possibly below. But we’d expect strong support from 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) to complete the correction and bring up trend resumption.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

EUR/CHF dipped to 1.1649 last week but quickly recovered. Initial bias is turned neutral this week first. On the downside, below 1.1649 will affirm that case that corrective pattern from 1.1832 is extending with another falling leg. And, intraday bias will be turned to the downside for 55 day EMA (now at 1.1635). Sustained break will target 1.1445 support and possibly below. But we’d expect strong support from 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) to complete the correction and break up trend resumption. On the upside, above 1.1748 will bring retest of 1.1832 high instead.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1642; (P) 1.1683; (R1) 1.1716; More…

EUR/CHF break of 1.1672 minor support indicates that rebound from 1.1445 has completed at 1.1748. And, the corrective pattern from 1.1832 is extending with another falling leg. Intraday bias is turned back to the downside for 55 day EMA (now at 1.1634). Sustained break will target 1.1445 support and possibly below. But we’d expect strong support from 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) to complete the correction and break up trend resumption. On the upside, above 1.1748 will bring retest of 1.1832 high instead.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1691; (P) 1.1709; (R1) 1.1731; More…

Intraday bias in EUR/CHF remains neutral for consolidation below 1.1748 temporary top. With 1.1672 minor support intact, further rise is still expected. Break of 1.1748 will target at test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1672 minor support will target 1.1445 low again. However, decisive break of 1.1832 will confirm up trend resumption for 1.2 handle next.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1700; (P) 1.1722; (R1) 1.1752; More…

EUR/CHF retreated deeply after hitting 1.1748 and intraday bias is turned neutral again. Another rise is expected with 1.1672 support intact. Above 1.1748 will target a test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1672 minor support will target 1.1445 low again. However, decisive break of 1.1832 will confirm up trend resumption for 1.2 handle next.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1700; (P) 1.1722; (R1) 1.1752; More…

EUR/CHF’s rise and break of 1.1740 indicates resumption of rebound from 1.1445. Intraday bias is back on the upside for retesting 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1672 minor support will target 1.1445 low again. However, decisive break of 1.1832 will confirm up trend resumption for 1.2 handle next.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1684; (P) 1.1698; (R1) 1.1710; More…

Consolidation from 1.1740 temporary top is still in progress and intraday bias remains neutral. Again, with 1.1630 minor support intact, near term outlook remains bullish. Above 1.1740 will target a test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

No change in EUR/CHF’s outlook as it stayed in consolidation below 1.1740 last week. Initial bias remains neutral this week first. After all, near term outlook remains bullish as long as 1.1630 support holds. Above 1.1740 will target a test on 1.1832 high. At this point, we’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1684; (P) 1.1698; (R1) 1.1720; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1740 temporary top is extending. With 1.1630 minor support intact, further rise is expected in the cross. On the upside, above 1.1740 will target a test on 1.1832 high. We’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1674; (P) 1.1692; (R1) 1.1703; More…

EUR/CHF is saying in consolidation from 1.1740 temporary top and intraday bias remains neutral. As long as 1.1630 minor support holds, further rally is expected. On the upside, above 1.1740 will target a test on 1.1832 high. We’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

Daily Pivots: (S1) 1.1677; (P) 1.1692; (R1) 1.1712; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1740 temporary top extends. Further rise is expected as long as 1.1630 minor support holds. Above 1.1740 will target a test on 1.1832 high. We’ll stay cautious strong resistance from there to bring another fall. Corrective pattern from 1.1832 might still have an attempt on 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372) before completion. On the downside, below 1.1630 minor support will target 1.1445 low again.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.