EUR/CHF turned into consolidation last week but the late breach of 0.9438 temporary top suggests that rise from 0.9265 is resuming. Initial bias is mildly on the upside this week. Decisive break of 0.9445 resistance will confirm that whole rally from 0.9218 has resumed. Next target is 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. On the downside, however, break of 0.9400 will turn bias back to the downside for deeper pullback.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9860) holds.

Daily Pivots: (S1) 0.9397; (P) 0.9414; (R1) 0.9425; More….

EUR/CHF is staying in consolidations below 0.9438 temporary top and intraday bias remains neutral first. On the upside, decisive break of 0.9445 resistance will resume the whole rebound from 0.9218. Next target is 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. However, sustained trading below 55 4H EMA (now at 0.9394) will extend the corrective pattern from 0.9445 with another falling leg.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9413; (P) 0.9421; (R1) 0.9438; More….

Intraday bias in EUR/CHF stays neutral and some more consolidations could be seen below 0.9438 temporary top. On the upside, decisive break of 0.9445 resistance will resume the whole rebound from 0.9218. Next target is 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. However, sustained trading below 55 4H EMA (now at 0.9391) will extend the corrective pattern from 0.9445 with another falling leg.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9397; (P) 0.9419; (R1) 0.9436; More….

EUR/CHF retreated again ahead of 0.9445 resistance and intraday bias is turned neutral. On the upside, decisive break of 0.9445 will resume the whole rebound from 0.9218. Next target is 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. However, sustained trading below 55 4H EMA (now at 0.9384) will extend the corrective pattern from 0.9445 with another falling leg.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9410; (P) 0.9424; (R1) 0.9452; More….

EUR/CHF’s rally resumed after brief retreat and intraday bias is back on the upside. Decisive break of 0.9445 resistance will resume the whole rebound from 0.9218. Next target is 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. On the downside, though, below 0.9398 minor support will turn intraday bias neutral again first.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9397; (P) 0.9409; (R1) 0.9423; More….

Intraday bias in EUR/CHF remains neutral and more consolidations could be seen below 0.9426 temporary top. As noted before, corrective pattern from 0.9445 should have completed with three waves to 0.9265. Firm break of 0.9428 should confirm this bullish case, and target 0.9445 and then 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. However, sustained trading below 55 4H EMA (now at 0.9362) with extend the corrective pattern with another falling leg.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

EUR/CHF surged to as high as 0.9426 last week but turned sideway just ahead of 0.9428 resistance. Initial bias is turned neutral this week first. Current development argues that corrective pattern from 0.9445 has completed with three waves down to 0.9265. Firm break of 0.9428 should confirm this bullish case, and target 0.9445 and then 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. However, sustained trading below 55 4H EMA (now at 0.9357) with extend the corrective pattern with another falling leg.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9855) holds.

Daily Pivots: (S1) 0.9352; (P) 0.9380; (R1) 0.9430; More….

Intraday bias in EUR/CHF remains on the upside with focus on 0.9428 resistance Decisive break there should confirm that corrective pattern from 0.9445 has completed. Rise from 0.9128 should then be ready to resume to 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. On the downside, below 0.9388 minor support will delay the bullish case turn intraday bias neutral again first.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9352; (P) 0.9380; (R1) 0.9430; More….

Intraday bias in EUR/CHF stays on the upside for 0.9428 resistance. Firm break there should confirm that corrective pattern from 0.9445 has completed. Rise from 0.9128 should then be ready to resume to 100% projection of 0.9218 to 0.9445 from 0.9265 at 0.9492. ON the downside, below 0.9359 minor support will turn intraday bias neutral again first.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9330; (P) 0.9345; (R1) 0.9361; More….

EUR/CHF’s rebound from 0.9265 extends higher today. The break of 0.9361 resistance now suggests that whole corrective pattern from 0.9445 has already completed at 0.9265. Intraday bias is back on the upside for 0.9428 resistance first. Firm break there should resume the rise from 0.9218 low through 0.9445. On the downside, however, break of 0.9329 minor support will mix up the outlook again and turn intraday bias neutral.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9330; (P) 0.9345; (R1) 0.9361; More….

Intraday bias in EUR/CHF stays neutral and focus remains on 0.9361 resistance. Firm break there will suggest that corrective pattern from 0.9445 has already completed at 0.9265. Further rise should then be seen to 0.9428 resistance for confirmation. However, below 0.9265 will bring another fall back to retest 0.9218 low.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9324; (P) 0.9342; (R1) 0.9372; More….

Intraday bias in EUR/CHF remains neutral with focus back on 0.9361 resistance. Firm break there will suggest that corrective pattern from 0.9445 has already completed at 0.9265. Further rise should then be seen to 0.9428 resistance for confirmation. However, below 0.9265 will bring another fall back to retest 0.9218 low.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9285; (P) 0.9305; (R1) 0.9338; More….

Intraday bias in EUR/CHF stays neutral first. Price actions from 0.9445 could still be considered a corrective pattern. On the upside, above 0.9361 resistance will target 0.9428 resistance first. However, below 0.9265 will bring another fall back to retest 0.9218 low.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

EUR/CHF fell further to 0.9265 last week but lost momentum again and recovered. Initial bias is turned neutral this week first. Price actions from 0.9445 could still be considered a corrective pattern. On the upside, above 0.9361 resistance will target 0.9428 resistance first. However, below 0.9265 will bring another fall back to retest 0.9218 low.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside position should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9855) holds.

Daily Pivots: (S1) 0.9258; (P) 0.9283; (R1) 0.9298; More….

EUR/CHF’s break of 0.9292 support indicates that deeper decline is underway. Risk will stay on the downside as long as 0.9361 resistance holds. Retest of 0.9218 low should be seen next. Firm break there will resume larger down trend.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 0.9286; (P) 0.9300; (R1) 0.9310; More….

Intraday bias in EUR/CHF stays neutral at this point. On the downside, decisive break of 0.9292 support will bring deeper decline to retest 0.9218 low. On the upside, above 0.9361 will suggest that corrective pattern from 0.9445 has completed, and target 0.9428/45 resistance zone.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 0.9287; (P) 0.9306; (R1) 0.9325; More….

EUR/CHF is still bounded in sideway trading and intraday bias stays neutral. On the upside, break of 0.9365 will be the first sign that corrective pattern from 0.9445 has already completed. Further rise should then be seen to 0.9428/45 resistance zone. However, decisive break of 0.9292 will bring retest of 0.9218 instead.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 0.9288; (P) 0.9330; (R1) 0.9357; More….

Intraday bias in EUR/CHF remains neutral as range trading continues. On the upside, break of 0.9365 will be the first sign that corrective pattern from 0.9445 has already completed. Further rise should then be seen to 0.9428/45 resistance zone. However, decisive break of 0.9292 will bring retest of 0.9218 instead.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

Daily Pivots: (S1) 0.9323; (P) 0.9339; (R1) 0.9349; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, firm break of 0.9365 will be the first sign that corrective pattern from 0.9445 has already completed. Further rise should then be seen to 0.9428/45 resistance zone. Firm break there will resume the rebound from 0.9218 low. However, firm break of 0.9292 will bring retest of 0.9218 instead.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

EUR/CHF bounced after dipping to 0.9292 last week but lost momentum ahead of 0.9365 resistance. Initial bias stays neutral this week first. On the upside, firm break of 0.9365 will be he first sign that corrective pattern from 0.9445 has already completed. Further rise should then be seen to 0.9428/45 resistance zone. Firm break there will resume the rebound from 0.9218 low. However, firm break of 0.9292 will bring retest of 0.9218 instead.

In the bigger picture, while downside momentum has been diminishing as seen in W MACD, there is no sign of bottoming yet. EUR/CHF is still staying below 55 W EMA (now at 0.9424) and well inside long term falling channel. Outlook will stay bearish as long as 0.9660 resistance holds. Break of 0.9204 (2024 low) will confirm resumption of down trend from 1.2004 (2018 high).

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9877) holds.