Wed, Oct 05, 2022 @ 00:11 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9670; (P) 0.9722; (R1) 0.9800; More….

EUR/CHF’s break of 0.9712 resistance now raises the chance of medium term bottoming at 0.9407, on bullish convergence condition in daily MACD. Intraday bias is back on the upside for 0.9864 resistance first. Firm break there will solidify this case and target 38.2% retracement of 1.1149 to 0.9407 at 1.0072. On the downside, below 0.9641 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 0.9864 resistance holds, long term down trend from 1.2004 (2008 high) is expected to continue. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. However, firm break of 0.9864 will confirm medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0188), even as a corrective rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9589; (P) 0.9636; (R1) 0.9721; More….

Intraday bias in EUR/CHF stays neutral first with focus on 0.9712 resistance. Decisive break there will argue that fall from 0.9864 has completed totally at 0.9407, and bring stronger rally back to this résistance. Further break there will carry larger bullish implication. Nevertheless, break of 0.9548 minor support will retain near term bearishness, and bring retest of 0.9407 low first.

In the bigger picture, as long as 0.9864 resistance holds, long term down trend from 1.2004 (2008 high) is expected to continue. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. However, firm break of 0.9864 will indicate medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0188).

EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly after edging lower to 0.9407 last week. But upside is limited below 0.9712 resistance so far. Initial bias stays neutral this week first. On the upside, break of 0.9712 will argue that fall from 0.9864 has completed totally at 0.9407, and bring stronger rally back to this résistance. Further break there will carry larger bullish implication. Nevertheless, break of 0.9548 minor support will retain near term bearishness, and bring retest of 0.9407 low first.

In the bigger picture, as long as 0.9864 resistance holds, long term down trend from 1.2004 (2008 high) is expected to continue. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. However, firm break of 0.9864 will indicate medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0188).

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 firm break of 1.0505 support turned resistance (2020 low).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9494; (P) 0.9543; (R1) 0.9617; More….

EUR/CHF’s recovery from 0.9407 extends higher but stays well below 0.9712 resistance. Intraday bias stays neutral and outlook remains bearish. Break of 0.9407 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9450; (P) 0.9488; (R1) 0.9540; More….

EUR/CHF is staying in consolidation from 0.9470 and intraday bias remains neutral at this point. Outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9480; (P) 0.9520; (R1) 0.9556; More….

Intraday bias in EUR/CHF stays neutral for consolidation above 0.9407 temporary low. Outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9465; (P) 0.9543; (R1) 0.9588; More….

Intraday bias in EUR/CHF is turned neutral again with current recovery, but outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9465; (P) 0.9543; (R1) 0.9588; More….

EUR/CHF’s break of 0.9464 indicates down trend resumption. Intraday bias is back on the downside for 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, break of 0.9712 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Weekly Outlook

Much volatility was seen in EUR/CHF last week but there is no sign of reversal. That is, outlook remains bearish and initial bias stays neutral this week first. On the downside, break of 0.9464 will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, above 0.9712 will bring stronger rebound towards 0.9864 resistance.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

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 firm break of 1.0505 support turned resistance (2020 low).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9479; (P) 0.9597; (R1) 0.9727; More….

Despite edging higher to 0.9712, EUR/CHF quickly retreated. Intraday bias remains neutral first. On the upside, break of 0.94680 will bring stronger rise back to 0.9864 resistance. But overall, outlook will stays bearish as long as 0.9864 resistance holds. On the downside, below 0.9464 will resume larger down trend.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9471; (P) 0.9548; (R1) 0.9588; More….

Intraday bias in EUR/CHF is turned neutral first as it rebounded strongly after dipping to 0.9464. On the upside, break of 0.94680 will bring stronger rise back to 0.9864 resistance. Decisive break there will indicate near term reversal. On the downside, below 0.9464 will resume larger down trend.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9584; (P) 0.9633; (R1) 0.9663; More….

EUR/CHF drops notably today but stays above 0.9530 support. Intraday bias remains neutral first. Also, outlook remains bearish with 0.9864 resistance intact. On the downside, break of 0.9530 will extend larger down trend to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9642; (P) 0.9657; (R1) 0.9680; More….

Intraday bias in EUR/CHF stays neutral as recovery from 0.9530 extends. But outlook remains bearish with 0.9864 resistance intact. On the downside, break of 0.9530 will extend larger down trend to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9602; (P) 0.9634; (R1) 0.9688; More….

Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish as long as 0.9864 resistance holds. On the downside, break of 0.9530 will extend larger down trend to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Weekly Outlook

EUR/CHF attempted to resume down trend last week and dipped to 0.9530, but recovered since then. Initial bias stays neutral this week first. Outlook will remain bearish as long as 0.9864 resistance holds. Break of 0.9530 will extend larger down trend to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

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 firm break of 1.0505 support turned resistance (2020 low).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9558; (P) 0.9586; (R1) 0.9640; More….

EUR/CHF recovered quickly after dipping to 0.9530. Intraday bias is turned neutral first. But outlook stays bearish as long as 0.9864 resistance holds Break of 0.9530 will resume larger down to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9580; (P) 0.9605; (R1) 0.9627; More….

Intraday bias in EUR/CHF stays mildly on the downside for retesting 0.9550 low. Decisive break there will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, above 0.9744 minor resistance will extend the corrective pattern from 0.9550 with another rising leg.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9554; (P) 0.9620; (R1) 0.9655; More….

EUR/CHF’s fall from 0.9864 resumed by breaking 0.9631 and intraday bias is back on the downside. Retest of 0.9550 low should be seen first. Decisive break there will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, above 0.9744 minor resistance will extend the corrective pattern from 0.9550 with another rising leg.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9611; (P) 0.9679; (R1) 0.9722; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, below 0.9631 will bring retest of 0.9550 low. Firm break there will resume larger down trend. On the upside, break of 0.9780 minor resistance will argue that corrective rebound from 0.9550 is resuming. Intraday bias will be back to the upside for 38.2% retracement of 1.0512 to 0.9550 at 0.9917.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9613; (P) 0.9671; (R1) 0.9708; More….

Intraday bias in EUR/CHF is turned neutral first with current recovery. Break of 0.9780 minor resistance will argue that corrective rebound from 0.9550 is resuming. Intraday bias will be back to the upside for 38.2% retracement of 1.0512 to 0.9550 at 0.9917. On the downside, below 0.9631 will bring retest of 0.9550 low. Firm break there will resume larger down trend.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9970 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.