Tue, Jan 21, 2020 @ 03:43 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0724; (P) 1.0740; (R1) 1.0749; More

With 1.0833 resistance intact, current down trend is in progress. Next target is 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Weekly Outlook

EUR/CHF’s down trend continued last week and hit as low as 1.0731. Initial bias is on the downside this week. Next target is 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0734; (P) 1.0746; (R1) 1.0760; More

A temporary low is formed at 1.0732 in EUR/CHF and intraday bias is turned neutral first. Some consolidations could be seen but upside should be limited by 1.0833 resistance. On the downside, break of 1.0732 will extend larger down trend to 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648 next.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0735; (P) 1.0756; (R1) 1.0770; More

EUR/CHF’s fall is still in progress and intraday bias remains on the downside. Current down trend should target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648 next. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. Otherwise, outlook remains bearish in case of recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0743; (P) 1.0782; (R1) 1.0804; More

Intraday bias in EUR/CHF remains on the downside at this point. Current down trend should target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648 next. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. Otherwise, outlook remains bearish in case of recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0795; (P) 1.0814; (R1) 1.0830; More

EUR/CHF’s down trend resumes by breaking through 1.0782 and reaches as low as 1.0760 so far. Intraday bias is back on the downside. Next target is 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, break of 1.0833 resistance is needed to indicate short term bottoming. Otherwise, outlook remains bearish in case of recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0795; (P) 1.0814; (R1) 1.0830; More

EUR/CHF is staying in consolidation from 1.0782 and intraday bias remains neutral first. Upside of recovery should be limited by 1.0860 resistance to bring fall resumption. Below 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0806; (P) 1.0818; (R1) 1.0831; More

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0782 temporary low. Upside of recovery should be limited by 1.0860 resistance to bring fall resumption. Below 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Weekly Outlook

EUR/CHF’s break of 1.0811 support last week suggests down trend resumption. But as a temporary low was formed at 1.0782, initial bias is neutral this week for consolidations first. Upside should be limited by 1.0860 resistance to bring fall resumption. Below 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0792; (P) 1.0812; (R1) 1.0830; More

Intraday bias in EUR/CHF remains neutral for consolidations first. Further decline is expected as long as 1.0860 resistance holds. Larger down trend should have just resumed. Break of 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0789; (P) 1.0809; (R1) 1.0835; More

EUR/CHF recovered after dropping to 1.0782 and intraday bias is turned neutral first. Further decline is expected as long as 1.0860 resistance holds. Larger down trend should have just resumed. Break of 1.0782 will target 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0800; (P) 1.0830; (R1) 1.0851; More

EUR/CHF spikes lower to 1.0788 and breach of 1.0811 low suggests resumption of larger down trend. Intraday bias stays on the downside for 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648. On the upside, above 1.0860 minor resistance will delay the bearish case and turn bias to the upside for recovery.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0827; (P) 1.0843; (R1) 1.0854; More

EUR/CHF is losing downside momentum as seen in 4 hour MACD. But further fall is expected with 1.0905 resistance intact, for 1.0811 low. Decisive break there will resume long term down trend. On the upside, break of 1.0905 resistance will extend the consolidation from 1.0811 with another rising leg. In any case, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0829; (P) 1.0844; (R1) 1.0863; More

With 1.0905 minor resistance intact, further decline is expected in EUR/CHF for 1.0811 low. Decisive break there will resume long term down trend. On the upside, break of 1.0905 resistance will extend the consolidation from 1.0811 with another rising leg. In any case, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Weekly Outlook

EUR/CHF’s fall from 1.1034 continued last week and outlook is unchanged. Further fall is expected this week to 1.0811 key support. Decisive break there will long term down trend. On the upside, break of 1.0905 resistance will extend the consolidation from 1.0811 with another rising leg. In any case, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0831; (P) 1.0855; (R1) 1.0872; More

Intraday bias in EUR/CHF remains neutral for the moment. Further decline is expected as long as 1.0905 minor resistance holds. Break of 1.0828 will target 1.0811 low. Decisive break there will resume larger down trend. On the upside, break of 1.0905 will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0841; (P) 1.0860; (R1) 1.0873; More

EUR/CHF recovered after hitting 1.0828 and intraday bias is turned neutral first. Further decline is expected as long as 1.0905 minor resistance holds. Break of 1.0828 will target 1.0811 low. Decisive break there will resume larger down trend. On the upside, break of 1.0905 will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0837; (P) 1.0870; (R1) 1.0891; More

EUR/CHF’s fall resumed by taking out 1.0856 temporary low. Intraday bias is turned back to the downside for 1.0811 low next. Decisive break there will resume larger down trend. On the upside, break of 1.0905 resistance will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0874; (P) 1.0890; (R1) 1.0909; More

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0856 temporary low. On the downside, break of 1.0856 will target 1.0811 low. Decisive break there will resume larger down trend. On the upside, break of 1.0926 minor resistance will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0852; (P) 1.0902; (R1) 1.0942; More

EUR/CHF recovered after hitting 1.0856. A temporary low was formed and intraday bias is turned neutral first. On the downside, break of 1.0856 will target 1.0811 low. Decisive break there will resume larger down trend. On the upside, break of 1.0926 minor resistance will turn bias back to the upside for recovery. Overall outlook is unchanged that’s consolidation from 1.0811 might extend. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring larger down trend resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Further fall should be seen to 1.0629 support and possibly below. On the upside, break of 1.1162 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.

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