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EURCHF Outlook |
Written by ActionForex.com |
Feb 08 10 08:45 GMT |
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Intraday bias in EUR/CHF remains neutral for the moment and more sideway trading should be seen above 1.4557 in near term. Stronger recovery cannot be ruled out, and EUR/CHF might climb to above 1.4820. But after all, we'd expect strong resistance ahead of 1.5 psychological level to limit any rebound attempt. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 06 10 09:08 GMT |
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EUR/CHF dropped further to as low as 1.4557 last week and met mentioned 1.4577 key support level. However, the cross the rebounded strongly on SNB intervention and before settling at 1.4667. Initial bias remains neutral this week and we'd expect some more sideway consolidations in near term. The range of the consolidation is not defined yet and another rise to above 1.4820 cannot be ruled out. But we'd expect strong resistance ahead of 1.5 psychological level to limit any rebound attempt. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 05 10 09:21 GMT |
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After diving to as low as 1.4557, EUR/CHF rebounded strongly on SNB intervention. Intraday bias is turned neutral for the moment and some sideway trading should be seen. Nevertheless, even in case of rebound, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 04 10 14:32 GMT |
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Break of 1.4701 support suggests that recovery from 1.4635 is already completed. Intraday bias is flipped back to the downside. Break of 1.4635 will bring decline resumption towards next key support level at 1.4577. On the upside, above 1.4579 will bring another round of rebound to 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 04 10 09:03 GMT |
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With 4 hours MACD crossed below signal line, intraday bias in EUR/CHF is turned neutral. Break of 1.4701 minor support will suggest that recovery from 1.4635 has completed and will flip intraday bias back to the downside. Further break of 1.4635 will indicate that recent decline has resumed for next key support level at 1.4577. On the upside, above 1.4579 will bring another round of rebound to 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 03 10 07:14 GMT |
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As discussed before, a short term bottom is formed in EUR/CHF at bullish convergence condition in 4 hours MACD. Further rebound could be seen and above 1.4759 will target 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. On the downside, below 1.4701 minor support will flip intraday bias back to the downside first. Break of 1.4635 will indicate that recent decline has resumed for next key support level at 1.4577. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 02 10 05:55 GMT |
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As noted before, a short term bottom is in place at 1.4635 with bullish convergence condition in 4 hours MACD. Intraday bias remains neutral for the moment. Above 1.4759 will bring stronger recovery to 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. On the downside, below 1.4635 will indicate that recent decline has resumed for next key support level at 1.4577. |
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EURCHF Outlook |
Written by ActionForex.com |
Feb 01 10 06:37 GMT |
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As noted before, a short term bottom is possibly in place at 1.4635 with bullish convergence condition in 4 hours MACD. Intraday bias remains neutral for the moment. Above 1.4759 will bring stronger recovery to 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. On the downside, below 1.4635 will indicate that recent decline has resumed for next key support level at 1.4577. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 31 10 07:00 GMT |
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EUR/CHF dived further to as low as 1.4635 last week but Friday's strong rebound and break of 1.4745 minor resistance argue that a short term bottom is in place with bullish convergence condition in 4 hours MACD. Initial bias is neutral this week and above 1.4759 will bring another rise to 1.4808 resistance and above. Nevertheless, we'd still expect strong resistance near to 1.5007 support turned resistance and bring fall resumption. On the downside, below 1.4635 will indicate that recent decline has resumed for next key support level at 1.4577. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 29 10 07:11 GMT |
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EUR/CHF's fall finally resumed by taking out 1.4673 and reached as low as 1.4643 so far. At this point, intraday bias remains on the downside as long as 1.4745 minor resistance holds. As noted before, current decline is expected to target key support level at 1.4577 next. On the upside, though, break of 1.4745 will argue that a short term bottom is possibly formed and stronger rebound could then be seen to 1.4808 resistance and above. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 28 10 06:58 GMT |
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No change in EUR/CHF's outlook. Intraday bias remains neutral as consolidation from 1.4673 might continue. But after all, another fall is still expected as long as 1.4808 resistance holds. Below 1.4673 will target next key support level at 1.4577. However, note that break of 1.4808 will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound would be seen to 1.4894/4988 resistance zone. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 27 10 07:36 GMT |
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Intraday bias in EUR/CHF remains neutral as consolidation from 1.4673 might continue. But after all, another fall is still expected as long as 1.4808 resistance holds. Below 1.4673 will target next key support level at 1.4577. However, note that break of 1.4808 will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound would be seen to 1.4894/4988 resistance zone. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 26 10 06:20 GMT |
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Intraday bias in EUR/CHF remains neutral as consolidation from 1.4673 might continue. But after all, another fall is still expected as long as 1.4808 resistance holds. Below 1.4673 will target next key support level at 1.4577. However, note that break of 1.4808 will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound would be seen to 1.4894/4988 resistance zone. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 25 10 07:41 GMT |
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With an intraday low in place at 1.4673, bias remains neutral for the moment and some sideway trading could be seen in EUR/CHF. Nevertheless, another fall is still expected as long as 1.4808 resistance holds. Below 1.4673 will target next key support level at 1.4577. However, note that break of 1.4808 will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound would be seen to 1.4894/4988 resistance zone. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 23 10 13:43 GMT |
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EUR/CHF dropped further to as low as 1.4673 last week but continued to lose downside momentum and recovered. Touching of 1.4740 minor resistance turns intraday bias neutral and some consolidations could be seen in initially this week. Nevertheless, another fall is still expected as long as 1.4808 resistance holds. Below 1.4673 will target next key support level at 1.4577. However, note that break of 1.4808 will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound would be seen to 1.4894/4988 resistance zone. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 22 10 07:51 GMT |
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The break of 1.4722 support confirms that recent decline in EUR/CHF has resumed and at this point, intraday bias remains on the downside for 1.4577 key support next. On the upside above 1.4740 minor resistance will turn intraday bias neutral again but after all, short term outlook will remain bearish as long as 1.4808 resistance holds. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 21 10 07:08 GMT |
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EUR/CHF breaches 1.4722 briefly today and at this point, intraday bias is cautiously on the downside. Another break of 1.4722 support will indicate that recent fall has resumed and should target 1.4577 key support next. On the upside, however, above 1.4781 resistance will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4894/4988 resistance zone. But after all, that break of 1.4988 resistance is needed to indicate that EUR/CHF has bottomed. Otherwise, outlook will remain bearish and another fall should be seen after consolidations. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 20 10 07:07 GMT |
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Intraday bias remains neutral for the moment as consolidations from 1.4722 continues. Note that another fall is still expected in near term as long as 1.4827 resistance holds. Break of 1.4722 will target 1.4577 key support next. On the upside, break of 1.4827 resistance will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4894/4988 resistance zone. But after all, that break of 1.4988 resistance is needed to indicate that EUR/CHF has bottomed. Otherwise, outlook will remain bearish and another fall should be seen after consolidations. |
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EURCHF Outlook |
Written by ActionForex.com |
Jan 19 10 06:51 GMT |
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No change in EUR/CHF's outlook. Intraday bias remains neutral for the moment as consolidations from 1.4722 continues. Note that another fall is still expected in near term as long as 1.4827 resistance holds. Break of 1.4722 will target 1.4577 key support next. On the upside, break of 1.4827 resistance will indicate that a short term bottom is formed with bullish convergence condition in 4 hours MACD. In such case, stronger rebound should be seen to 1.4894/4988 resistance zone. But after all, that break of 1.4988 resistance is needed to indicate that EUR/CHF has bottomed. Otherwise, outlook will remain bearish and another fall should be seen after consolidations. |
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