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Action Insight: EURCHF Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



EUR/CHF Weekly Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 20 14 13:54 GMT
EUR/CHF spiked higher to 1.2096 last week as SNB surprised the market by introducing negative rates. But the cross quickly retreated back to close at 1.2033. Overall outlook is unchanged. As mentioned before, even in case of rebound, sustained break of 1.2139 resistance to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards to 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 19 14 09:34 GMT
No change in EUR/CHF's outlook. We'd like to maintain that sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, reboiund from 1.2004 is viewed as temporary and the cross could spiral back towards 1.2 handle again. Meanwhile, decisive break of 1.2139 will confirm trend reversal and turn outlook bullish.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 18 14 07:39 GMT
EUR/CHF jumps sharply today as SNB surprised the markets by introducing -0.25% negative rate. While the rebound is strong and took out 1.2045 resistance decisively, we'd like to maintain that sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, such rebound is viewed as temporary and the cross could spiral back towards 1.2 handle again. Meanwhile, decisive break of 1.2139 will confirm trend reversal and turn outlook bullish.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 17 14 02:39 GMT
No change in EUR/CHF's outlook. We'd expect strong support from SNB's 1.2 floor to contain downside in case of any downside attempts. Meanwhile, above 1.2045 might bring stronger rebound. But even if SNB intervenes, we'd need sustained break of 1.2139 resistance to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 16 14 04:27 GMT
No change in EUR/CHF's outlook. We'd expect strong support from SNB's 1.2 floor to contain downside in case of any downside attempts. Meanwhile, above 1.2045 might bring stronger rebound. But even if SNB intervenes, we'd need sustained break of 1.2139 resistance to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 15 14 07:11 GMT
No change in EUR/CHF's outlook. We'd expect strong support from SNB's 1.2 floor to contain downside in case of any downside attempts. Meanwhile, above 1.2045 might bring stronger rebound. But even if SNB intervenes, we'd need sustained break of 1.2139 resistance to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards 1.2 again afterwards.
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EUR/CHF Weekly Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 13 14 08:10 GMT
EUR/CHF dropped sharply last week and broke 1.2008 to as low as 1.2006. Initial bias is mildly on the downside this week. But again, we'd expect strong support from SNB's 1.2 floor to contain downside. Meanwhile, above 1.2045 might bring stronger rebound. But even if SNB intervenes, we'd need sustained break of 1.2139 resistance to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards to 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 11 14 09:24 GMT
Intraday bias in EUR/CHF remains neutral for the moment. More sideway trading would be seen in near term between 1.200 and 1.205. But after all, we'd continue to expect strong support from SNB's 1.2 floor to contain downside. While above 1.205 could bring stronger recovery, we'd be cautious on the sustainability of the momentum. Overall, even if SNB intervenes, sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards to 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 10 14 02:50 GMT
Intraday bias in EUR/CHF remains neutral for the moment. More sideway trading would be seen in near term between 1.200 and 1.205. But after all, we'd continue to expect strong support from SNB's 1.2 floor to contain downside. While above 1.205 could bring stronger recovery, we'd be cautious on the sustainability of the momentum. Overall, even if SNB intervenes, sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards to 1.2 again afterwards.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 09 14 05:58 GMT
Intraday bias in EUR/CHF remains neutral for the moment. More sideway trading would be seen in near term between 1.200 and 1.205. But after all, we'd continue to expect strong support from SNB's 1.2 floor to contain downside. While above 1.205 could bring stronger recovery, we'd be cautious on the sustainability of the momentum. Overall, even if SNB intervenes, sustained break of 1.2139 resistance is needed to confirm underlying momentum. Otherwise, any rebound is seen as temporary and EUR/CHF could spiral back towards to 1.2 again afterwards.
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