EUR/CHF’s sharp decline last week suggests that rise from 0.9252 has already completed at 0.9928 already. Initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 0.9252 to 0.9928 at 0.9510 will raise the chance of long term down trend resumption, and target 0.9252 low next. For now, outlook will remain bearish as long as 0.9683 resistance holds, in case of recovery.

In the bigger picture, the break of 0.9563 support, as well as 55 W EMA (now at 0.9672) argues that rebound from 0.9252 has completed at 0.9928. Medium term bearish is maintained with both 1.0095 resistance intact. Firm break of 0.9252 will resume the down trend from 1.2004 (2018 high).

In the long term picture, fall from 1.2004 (2018 high) is part of the multi-decade down trend. Firm break of 1.0095 resistance is needed to be the first sign of long term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 0.9568; (P) 0.9626; (R1) 0.9658; More….

EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside for 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. For now, risk will stay on the downside as long as 0.9683 resistance holds, in case of recovery.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9563 will suggest that the rally has completed and retain medium term bearishness.

Daily Pivots: (S1) 0.9633; (P) 0.9654; (R1) 0.9690; More….

Intraday bias in EUR/CHF is turned neutral with current recovery. Some consolidations could be seen, but another fall is expected as long as 55 D EMA (now at 0.9747) holds. Below 0.9613 will target 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9563 will suggest that the rally has completed and retain medium term bearishness.

Daily Pivots: (S1) 0.9618; (P) 0.9639; (R1) 0.9661; More….

No change in EUR/CHF’s outlook and intraday stays on the downside. Deeper fall would be seen to 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. On the upside, above 0.9673 minor resistance will turn intraday bias neutral first.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9563 will suggest that the rally has completed and retain medium term bearishness.

Daily Pivots: (S1) 0.9622; (P) 0.9656; (R1) 0.9686; More….

Intraday bias in EUR/CHF stays on the downside at this point. Deeper fall would be seen to 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. On the upside, above 0.9720 minor resistance will turn intraday bias neutral first.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9563 will suggest that the rally has completed and retain medium term bearishness.

Daily Pivots: (S1) 0.9670; (P) 0.9693; (R1) 0.9708; More….

EUR/CHF’s fall from 0.9928 resumed today and intraday bias is back on the downside for 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. On the upside, above 0.9720 minor resistance will turn intraday bias neutral again first.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9563 will suggest that the rally has completed and retain medium term bearishness.

Daily Pivots: (S1) 0.9672; (P) 0.9697; (R1) 0.9709; More….

No change in EUR/CHF’s outlook and intraday bias remains neutral at this point. On the upside, break of 0.9740 minor resistance will argue that pull back from 0.9928 has completed after hitting 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Intraday bias will be back on the upside for stronger rebound. Nevertheless, sustained break of 0.9670 will bring deeper fall to 0.9563 support instead.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9687; (P) 0.9704; (R1) 0.9729; More….

Intraday bias in EUR/CHF is turned neutral with 4H MACD crossed above signal line. Strong support is still expected from 38.2% retracement of 0.9252 to 0.9928 at 0.9670 to bring rebound. Break of 0.9740 minor resistance will turn intraday bias back to the upside. Nevertheless, sustained break of 0.9670 will bring deeper fall to 0.9563 support instead.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9643; (P) 0.9712; (R1) 0.9754; More….

EUR/CHF’s fall from 0.9928 extended lower last week and touched 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected from this fibonacci level to bring rebound. Break of 0.9740 minor resistance will turn intraday bias back to the upside. Nevertheless, sustained break of 0.9670 will bring deeper fall to 0.9563 support instead.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9739; (P) 0.9772; (R1) 0.9802; More….

EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 0.9765) will pave the way to 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected there to complete the pull back and bring rebound. On the upside, above 0.9800 minor resistance will turn intraday bias neutral again first.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Intraday bias in EUR/CHF stays neutral for consolidation above 0.9768 temporary low. As noted before, a medium term could be formed at 0.9928 on bearish divergence condition in D MACD. Risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery. Break of 0.9768 and sustained trading below 55 D EMA (now at 0.9765), will bring deeper fall to 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected there to complete the pull back and bring rebound.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Considering bearish divergence condition in D MACD, EUR/CHF might have formed a medium term at 0.9928 with last week’s steep decline. Risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery. Break of 0.9768 and sustained trading below 55 D EMA (now at 0.9765), will bring deeper fall to 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected there to complete the pull back and bring rebound.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

In the long term picture, fall from 1.2004 (2018 high) is part of the multi-decade down trend. Firm break of 1.0095 resistance is needed to be the first sign of long term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 0.9750; (P) 0.9817; (R1) 0.9853; More….

Intraday bias in EUR/CHF remains on the downside at this point. Firm break of 0.9728 support will carry larger bearish implications and target 38.2% retracement of 0.9252 to 0.9928 at 0.9670. On the upside, above 0.9816 minor resistance will turn intraday bias neutral first. But risk will stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9728 will raise the chance of bearish reversal and turn focus to 0.9563 support for confirmation.

Daily Pivots: (S1) 0.9847; (P) 0.9879; (R1) 0.9894; More….

EUR/CHF’s break of 0.9880 support confirms short term topping at 0.9928. Intraday bias is back on the downside. Deeper fall would be seen to 38.2% retracement of 0.9563 to 0.9928 at 0.9789. On the upside, break of 0.9880 minor resistance will turn intraday bias neutral first. But risk will now stay mildly on the downside as long as 0.9928 resistance holds, in case of recovery.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004. However, firm break of 0.9728 will raise the chance of bearish reversal and turn focus to 0.9563 support for confirmation.

Daily Pivots: (S1) 0.9883; (P) 0.9906; (R1) 0.9929; More….

Intraday bias in EUR/CHF is turned neutral with current retreat. But further rise is expected as long as 0.9880 minor support holds. Above 0.9928 will resume whole rally from 0.9252 to 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 key structural resistance. However, firm break of 0.9880 support will indicate short term topping, and turn bias to the downside for 38.2% retracement of 0.9563 to 0.9928 at 0.9789.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9915; (P) 0.9922; (R1) 0.9930; More….

EUR/CHF’s rally is still in progress and intraday bias stays on the upside. Current rise from 0.9252 should target 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside, below 0.9880 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9894; (P) 0.9911; (R1) 0.9939; More….

Intraday bias in EUR/CHF is now on the upside this week as recent rally continues. Current rise from 0.9252 should target 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside, below 0.9880 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

EUR/CHF’s rally continued last week despite some brief interim retreat. Initial bias is now on the upside this week. Current rise from 0.9252 should target 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside,e below 0.9880 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, as long as 0.9728 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even just as a correction to the down trend from 1.2004.

In the long term picture, fall from 1.2004 (2018 high) is part of the multi-decade down trend. Firm break of 1.0095 resistance is needed to be the first sign of long term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 0.9875; (P) 0.9896; (R1) 0.9909; More….

Intraday bias in EUR/CHF is turned neutral again as it retreated after edging higher to 0.9914. On the downside, break of 0.9876 minor support will turn bias back to the downside for retreat, back to 0.9728/9835 support zone. On the upside, sustained break of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899 will pave the way to 100% projection at 1.0106, which is slightly above 1.0095 key structural resistance.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even as a correction to the down trend from 1.2004.

Daily Pivots: (S1) 0.9889; (P) 0.9903; (R1) 0.9923; More….

EUR/CHF’s rally resumed after brief consolidations and intraday bias is back on the upside. Sustained break of 61.8% projection of 0.9304 to 0.9847 from 0.9563 at 0.9899 will pave the way to 100% projection at 1.0106, which is slightly above 1.0095 key structural resistance. On the downside, below 0.9876 minor support will turn bias back to the downside for retreat, back to 0.9728/9835 support zone.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Next target is 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even as a correction to the down trend from 1.2004.