EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0226; (P) 1.0263; (R1) 1.0307; More….

Intraday bias in EUR/CHF remains neutral at this point and outlook is unchanged. On the downside, break of 1.0814 will indicate that rebound from 0.9970 has completed at 1.0400, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low. On the upside, break of 1.0400 will resume the rebound to 1.0610 key structural resistance.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0198; (P) 1.0218; (R1) 1.0242; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.0814 will indicate that rebound from 0.9970 has completed at 1.0400, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low. On the upside, break of 1.0400 will resume the rebound to 1.0610 key structural resistance.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Weekly Outlook

EUR/CHF gyrated lower last week but stays above 1.0184 minor support. Initial bias remains neutral this week first. On the downside, break of 1.0814 will indicate that rebound from 0.9970 has completed at 1.0400, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low. On the upside, break of 1.0400 will resume the rebound to 1.0610 key structural resistance.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0909).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0216; (P) 1.0266; (R1) 1.0293; More….

No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 1.0400 would resume the rebound from 0.9970 to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0216; (P) 1.0266; (R1) 1.0293; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, break of 1.0400 would resume the rebound from 0.9970 to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0270; (P) 1.0285; (R1) 1.0306; More….

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the upside, break of 1.0400 would resume the rebound from 0.9970 to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0258; (P) 1.0292; (R1) 1.0319; More….

Intraday bias in EUR/CHF remains neutral at this point. On the upside, break of 1.0400 would resume the rebound to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0259; (P) 1.0330; (R1) 1.0368; More….

Intraday bias in EUR/CHF remains neutral first. On the upside, break of 1.0400 would resume the rebound to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Weekly Outlook

EUR/CHF rebounded further to as high as 1.0400 last week, but retreated ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Initial bias is turned neutral this week first. On the upside, break of 1.0400 would resume the rebound to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, and bring retest of 0.9970 low.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0909).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0367; (P) 1.0385; (R1) 1.0409; More….

Intraday bias in EUR/CHF remains on the upside as rebound from 0.9970 is in progress for 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Firm break there will target 1.0610 resistance next. On the downside, however, break of 1.0184 support will turn bias back to the downside for retesting 0.9970 low instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0328; (P) 1.0356; (R1) 1.0409; More….

EUR/CHF’s rebound from 0.9970 is still in progress. Intraday bias stays on the upside for 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Firm break there will target 1.0610 resistance next. On the downside, however, break of 1.0184 support will turn bias back to the downside for retesting 0.9970 low instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0264; (P) 1.0301; (R1) 1.0346; More….

Intraday bias in EUR/CHF remains mildly on the upside at this point. Rebound from 0.9970 is probably correcting whole down trend from 1.1149. Next target is 38.2% retracement of 1.1149 to 0.9970 at 1.0420. On the downside, however, break of 1.0184 support will turn bias back to the downside for retesting 0.9970 low instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0211; (P) 1.0250; (R1) 1.0307; More….

EUR/CHF’s break of 1.0298 support turned resistance now suggests that decline from 1.1149 has completed with five waves down to 0.9970, after defending parity. Intraday bias is now back on the upside for stronger rebound to 38.2% retracement of 1.1149 to 0.9970 at 1.0420 first. On the downside, however, break of 1.0184 support will turn bias back to the downside for retesting 0.9970 low instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0168; (P) 1.0224; (R1) 1.0260; More….

Intraday bias in EUR/CHF stays neutral for the moment. With 1.0298 support turned resistance intact, outlook remains bearish for further decline. On the downside, below 1.0131 minor support will bring retest of 0.9970 low first. On the upside, however, sustained break of 1.0298 will bring stronger rebound towards 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly last week after hitting 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. But upside is limited by 1.0298 support turned resistance. Initial bias remains neutral this week and further decline remains in favor. On the downside, below 1.0131 minor support will bring retest of 0.9970 low first. On the upside, however, sustained break of 1.0298 will bring stronger rebound towards 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until some sustained trading above the 55 month EMA (now at 1.0909).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0184; (P) 1.0244; (R1) 1.0281; More….

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. As long as 1.0298 support turned resistance holds, larger decline from 1.1149 is still in favor to continue. On the downside, firm break of 0.9970 will target 161.8% projection of 1.0936 to 1.0298 from 1.0610 at 0.9578. However, sustained break of 1.0298 will bring stronger rebound towards 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0164; (P) 1.0218; (R1) 1.0313; More….

Intraday bias in EUR/CHF remains neutral first despite the strong rebound from 0.9970. As long as 1.0298 support turned resistance holds, larger decline from 1.1149 is still in favor to continue. On the downside, firm break of 0.9970 will target 161.8% projection of 1.0936 to 1.0298 from 1.0610 at 0.9578. However, sustained break of 1.0298 will bring stronger rebound towards 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0058; (P) 1.0118; (R1) 1.0190; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 0.9970. Stronger recovery cannot be ruled out. But upside should be limited well below 1.0298 support turned resistance to bring down trend resumption. On the downside, firm break of 0.9970 will target 161.8% projection of 1.0936 to 1.0298 from 1.0610 at 0.9578.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9979; (P) 1.0038; (R1) 1.0104; More….

A temporary low is formed at 0.9907 in EUR/CHF with current recovery. Intraday bias is turned neutral first. Some consolidation could be seen, but upside should be limited well below 1.0298 support turned resistance to bring down trend resumption. On the downside, firm break of 0.9970 will target 161.8% projection of 1.0936 to 1.0298 from 1.0610 at 0.9578.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9975; (P) 1.0067; (R1) 1.0114; More….

EUR/CHF drops to as low as 0.9970 so far, and met 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972 already. There is no clear sign of bottoming yet. Firm break of 0.9772 will target 161.8% projection at 0.9578. On the upside, break of 1.0115 minor resistance will turn intraday bias neutral first. But in any case, near term outlook will stay bearish as long as 1.0298 resistance turned support holds.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.