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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 Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 05 16 05:01 GMT
EUR/CHF drops sharply today but stays above 1.0685 support. Intraday bias stays neutral first. Prior rejection from 55 days EMA argues that fall from 1.0999 isn't completed yet. Break of 1.0685 will extend the fall from 1.0999 to 1.0620 support. Meanwhile, above 1.0816 will extend the rebound to 61.8% retracement of 1.0974 to 1.0685 at 1.0864.
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EUR/CHF Weekly Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 03 16 10:55 GMT
EUR/CHF rebounded to 1.0816 last week but lost momentum since then. The failure to stay above 55 days EMA suggests that price actions from 1.0685 short term bottom is developing into sideway consolidation. Initial bias stays neutral this week first. On the downside, break of 1.0685 will extend the fall from 1.0999 to 1.0620 support. Meanwhile, above 1.0816 will extend the rebound to 61.8% retracement of 1.0974 to 1.0685 at 1.0864.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 02 16 05:52 GMT
With 1.0740 minor support intact, rebound from 1.0685 short term bottom is expected to extend higher. Such rise would target 61.8% retracement of 1.0974 to 1.0685 at 1.0864 next. We'd be cautious on strong resistance below 1.0974 to limit upside as the larger correction pattern from 1.1198 might extend with another fall. On the downside, below 1.0740 minor support will turn bias back to the downside for 1.0685 support.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Dec 01 16 09:18 GMT
Intraday bias in EUR/CHF remains on the upside for the moment. Rebound from 1.0685 short term bottom is expected to continued. 38.2% retracement of 1.0974 to 1.0685 at 1.0795 was met already. Next rise will target 61.8% retracement at 1.0864 next. We'd be cautious on strong resistance below 1.0974 to limit upside as the larger correction pattern from 1.1198 might extend with another fall. On the downside, below 1.0740 minor support will turn bias back to the downside for 1.0685 support.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 30 16 11:39 GMT
EUR/CHF's rise from 1.0685 short term bottom extends as expected and broke 38.2% retracement of 1.0974 to 1.0685 at 1.0795. Intraday bias stays on the upside for 61.8% retracement at 1.0864 next. We'd be cautious on strong resistance below 1.0974 to limit upside as the larger correction pattern from 1.1198 might extend with another fall. On the downside, below 1.0740 minor support will turn bias back to the downside for 1.0685 support.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 29 16 08:40 GMT
A short term bottom is in place at 1.0685 in EUR/CHF on bullish convergence condition in 4 hours MACD. Intraday bias is mildly on the upside for recovery to 38.2% retracement of 1.0974 to 1.0685 at 1.0795 first. Break will target 61.8% retracement at 1.0864. On the downside, below 1.0685 will extend the larger corrective pattern from 1.1198 to 1.0620 support.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 28 16 06:29 GMT
The break of 1.0757 minor resistance argues that a short term bottom is formed at 1.0685 on bullish convergence condition in 4 hours MACD. This is also supported by the break of near term channel resistance. Intraday bias is mildly on the upside for recovery to 38.2% retracement of 1.0974 to 1.0685 at 1.0795 first. Break will target 61.8% retracement at 1.0864. On the downside, below 1.0685 will extend the larger corrective pattern from 1.1198 to 1.0620 support.
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EUR/CHF Weekly Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 26 16 12:48 GMT
EUR/CHF consolidated above 1.0685 temporary low last week but stayed below 1.0757 resistance. Outlook is unchanged and further decline is still in favor. Break of 1.0685 will extend the decline from 1.0999, which is seen as part of the larger corrective pattern from 1.1198. In that case, deeper fall should be seen to 1.0620 support. Meanwhile, considering bullish convergence condition in 4 hours MACD, break of 1.0757 will indicate short term bottoming and bring rebound to 1.0810 support turned resistance and above.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 25 16 04:55 GMT
With 1.0757 resistance intact, deeper decline is still expected in EUR/CHF. Current fall from 1.0999 is seen as part of the larger corrective pattern from 1.1198. Next target will be 1.0620 key support level. Meanwhile, considering bullish convergence condition in 4 hours MACD, break of 1.0757 will indicate short term bottoming and bring rebound to 1.0810 support turned resistance and above.
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EUR/CHF Daily Outlook Print E-mail
EURCHF Outlook | Written by ActionForex.com | Nov 24 16 09:46 GMT
With 1.0757 resistance intact, deeper decline is still expected in EUR/CHF. Current fall from 1.0999 is seen as part of the larger corrective pattern from 1.1198. Next target will be 1.0620 key support level. Meanwhile, considering bullish convergence condition in 4 hours MACD, break of 1.0757 will indicate short term bottoming and bring rebound to 1.0810 support turned resistance and above.
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