Thu, May 28, 2020 @ 16:09 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0599; (P) 1.0648; (R1) 1.0708; More

EUR/CHF’s rally is still in progress and intraday bias remains on the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Break will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0581; (P) 1.0607; (R1) 1.0629; More

EUR/CHF’s rise resumes today by taking out 1.0662 and hits as high as 1.0698 so far. Intraday bias is back on the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Firms break there will put 1.0811 key resistance in focus. On the downside, break of 1.0589 support is needed to indicate completion of the current rebound. Otherwise, further rally is in favor for the near term, in case of retreats.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0581; (P) 1.0607; (R1) 1.0629; More

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Rebound from 1.0504 is extended to extend higher. Break of 1.0662 will target 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0577; (P) 1.0587; (R1) 1.0598; More

EUR/CHF rebounds after drawing support from 4 hour 55 EMA, but stays below 1.0662 temporary top. Intraday bias remains neutral first and further rise is in favor. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0570; (P) 1.0601; (R1) 1.0621; More

Intraday bias in EUR/CHF remains neutral at this point. Further rise remains in favor as long as 1.0578 minor support holds. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Weekly Outlook

EUR/CHF’s strong rebound last week raised the chance of near term trend reversal. As a temporary top was formed at 1.0662, initial bias remains neutral first. On the upside, above 1.0662 will target 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Sustained break there will affirm the bullish case. However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0591; (P) 1.0621; (R1) 1.0657; More

EUR/CHF is staying in range below 1.0662 temporary top and intraday bias remains neutral first. Further rise remains in favor as long as 1.0578 minor support holds. Above 1.0662 will turn bias back to the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Considering bullish convergence condition in daily MACD, sustained break of 1.0710/5 will carry larger bullish implications and target 61.8% retracement at 1.0847 and above. However, break of 1.0578 minor support will turn focus back to 1.0503 low.

In the bigger picture, As long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0575; (P) 1.0596; (R1) 1.0615; More

Intraday bias in EUR/CHF is turned neutral with 4 hour MACD crossed below signal line. Further rise is still expected as long as 1.0578 minor support holds. Above 1.0662 will turn bias back to the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Considering bullish convergence condition in daily MACD, sustained break of 1.0710/5 will carry larger bullish implications and target 61.8% retracement at 1.0847 and above. However, break of 1.0578 minor support will turn focus back to 1.0503 low.

In the bigger picture, As long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0591; (P) 1.0624; (R1) 1.0646; More

Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 1.0504 should target 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Considering bullish convergence condition in daily MACD, sustained break of 1.0710/5 will carry larger bullish implications and target 61.8% retracement at 1.0847 and above. However, break of 1.0578 minor support will turn bias bias neutral first.

In the bigger picture, As long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0522; (P) 1.0592; (R1) 1.0674; More

EUR/CHF’s strong rebound and break of 1.0611 resistance completed a double bottom pattern (1.0503, 1.0504). Intraday bias is now back on the upside for stronger rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Considering bullish convergence condition in daily MACD, sustained break of 1.0710/5 will carry larger bullish implications and target 61.8% retracement at 1.0847 and above. For now, risk will stay mildly on the upside as long as 1.0503 holds, in case of retreat.

In the bigger picture, As long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0510; (P) 1.0519; (R1) 1.0525; More

Intraday bias in EUR/CHF stays neutral for the moment. Consolidation from 1.0503 could still extend with another rise. But even in that case, upside should be limited below 1.0653 resistance. Eventual downside break out is expected. Sustained break of 1.0503 will resume larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Weekly Outlook

EUR/CHF edged lower last week but failed to break through 1.0503 low. Initial bias remains neutral this week first. Consolidation from 1.0503 could still extend with another rise. But even in that case, upside should be limited below 1.0653 resistance. Eventual downside break out is expected. Sustained break of 1.0503 will resume larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0506; (P) 1.0513; (R1) 1.0522; More

EUR/CHF is still holding above 1.0503 and intraday bias remains neutral first. Consolidation from 1.0503 could still extend with another rise. But in that case, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0512; (P) 1.0522; (R1) 1.0529; More

EUR/CHF is still staying in consolidation from 1.0503. Intraday bias remains neutral and another recovery cannot be ruled out. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0514; (P) 1.0518; (R1) 1.0523; More

No change in EUR/CHF’s outlook as consolidation from 1.0503 is in progress, and might extend further. In case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0510; (P) 1.0521; (R1) 1.0528; More

EUR/CHF is still bounded in consolidation from 1.0503. Intraday bias remains neutral first. In case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0517; (P) 1.0531; (R1) 1.0540; More

Intraday bias in EUR/CHF remains neutral and consolidation from 1.0503 might still extend further. In case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Weekly Outlook

EUR/CHF’s consolidation pattern from 1.0503 continued last week and near term outlook is unchanged. Initial bias remains neutral this week first and the consolidation might extend. In case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, firm break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Stronger rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0530; (P) 1.0536; (R1) 1.0548; More

Intraday bias in EUR/CHF remains neutral for the moment and consolidation from 1.0503 might extend. But in case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0515; (P) 1.0532; (R1) 1.0543; More

EUR/CHF is staying in consolidation from 1.0503 and intraday bias remains neutral for the moment. Another rise cannot be ruled out as consolidation extends. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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