Mon, May 20, 2019 @ 03:21 GMT

EUR/CHF Weekly Outlook

EUR/CHF’s sharp decline last week indicate that rise from 1.1162 has completed at 1.1476, just ahead of 38.2% retracement of 1.2004 to 1.1162 at 1.1484. As a temporary low was formed at 1.1264, initial bias is neutral this week first. On the downside, break of 1.1264 will extend the decline from 1.1476 towards 1.1162 key support. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term. However, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 will argue that the long term trend has reversed. In this case, deeper decline could be seen back to 1.0629 support and below.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1271; (P) 1.1295; (R1) 1.1309; More…

Intraday bias in EUR/CHF remains neutral for the moment. More consolidation could be seen above 1.1264 temporary low first. Still, further decline is expected as long as 1.1350 support tuned resistance holds. On the downside below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1271; (P) 1.1293; (R1) 1.1322; More…

A temporary low is in place at 1.1264 in EUR/CHF and intraday bias is turned neutral first. Some consolidation could be seen but further decline is expected as long as 1.1350 support tuned resistance holds. On the downside below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1283; (P) 1.1307; (R1) 1.1324; More…

Intraday bias in EUR/CHF remains on the downside for the moment. Corrective fall from 1.1476 is in progress towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1269; (P) 1.1320; (R1) 1.1347; More…

As long s 1.1350 support turned resistance holds, corrective fall from 1.1476 could still extend lower towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggests that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1345; (P) 1.1378; (R1) 1.1396; More…

EUR/CHF’s fall from 1.1476 extends lower today and reaches as low as 1.1339 so far. Break of 55 day EMA now argues that rebound from 1.1162 has completed at 1.1476 already, just ahead of 38.2% retracement of 1.2004 to 1.1162 at 1.1484. Intraday bias is back on the downside for retesting 1.1162 low. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004 and turn outlook bullish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation below 1.1476 and outlook is unchanged. Initial bias remains neutral this week first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1347) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1359; (P) 1.1396; (R1) 1.1420; More…

EUR/CHF is staying in consolidation from 1.1476 and intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1347) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1392; (P) 1.1411; (R1) 1.1440; More…

Outlook in EUR/CHF remains unchanged as consolidation from 1.1476 is extending. Intraday bias remains remains neutral first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1347) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1384; (P) 1.1412; (R1) 1.1437; More…

Intraday bias in EUR/CHF remains neutral and consolidation from 1.1476 might extend. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1341) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1361; (P) 1.1385; (R1) 1.1423; More…

EUR/CHF recovered after dipping to 1.1347 and was supported above 55 day EMA. Intraday bias is turned neutral again. More consolidation could be seen in near term. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1341) will pave the way back to retest 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1372; (P) 1.1385; (R1) 1.1399; More…

EUR/CHF’s corrective fall from 1.1476 extends lower today and intraday bias is now mildly on the downside for 55 day EMA (now at 1.1338). Sustained break there will pave the way back to retest 1.1162 low. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation below 1.1476 last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1337) will pave the way back to 1.1162 low instead.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1372; (P) 1.1400; (R1) 1.1416; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1476 is extending. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1337) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1377; (P) 1.1408; (R1) 1.1427; More…

EUR/CHF is staying in consolidation from 1.1476 and intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1335) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1398; (P) 1.1421; (R1) 1.1454; More…

Intraday bias in EUR/CHF remains neutral as recovery was limited well below 1.1476 resistance so far. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1333) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1371; (P) 1.1390; (R1) 1.1424; More…

EUR/CHF recovered after hitting 1.1350 and intraday bias is turned neutral first. Some recovery could be seen first. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above. On the downside, sustained break of 55 day EMA (now at 1.1327) will pave the way back to 1.1162 low.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1348; (P) 1.1367; (R1) 1.1383; More…

Intraday bias in EUR/CHF remains mildly on the downside for the moment. Fall from 1.1476 short term top would extend to 55 day EMA (now at 1.1324) first. Sustained break will pave the way back to 1.1162 low. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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EUR/CHF Weekly Outlook

EUR/CHF surged to as high as 1.1476 last week and breached 1.1444 resistance. However, it was rejected below 38.2% retracement of 1.2004 to 1.1162 at 1.1484. With a short term top formed, intraday bias is now mildly on the downside this week for 55 day EMA (now at 1.1324) first. Sustained break will pave the way back to 1.1162 low. On the upside, break of 1.1484 fibonacci resistance will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, at this point, we’re slight favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. And, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1347; (P) 1.1368; (R1) 1.1381; More…

EUR/CHF’s break of 1.1365 minor support suggests short term topping at 1.1476, after being rejected by 38.2% retracement of 1.2004 to 1.1162 at 1.1484. Intraday bias is turned back to the downside for 55 day EMA (now at 1.1324). Sustained break will bring deeper decline to retest 1.1162 low. On the upside, break of 1.1484 fibonacci resistance will confirm completion of corrective fall from 1.2004. Further rally should then be seen to 61.8% retracement at 1.1682 and above.

In the bigger picture, focus is back on 1.1444 resistance with current rebound. Decisive break there will indicate completion of the decline from 1.2004, with support from 61.8% retracement of 1.0629 to 1.2004 at 1.1154. In this case, further rise should be seen to 1.1713 resistance next. On the downside, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 is now needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

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