Sat, May 21, 2022 @ 06:58 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0230; (P) 1.0296; (R1) 1.0361; More….

Intraday bias in EUR/CHF remains on the downside at this point. Corrective rebound from 0.9970 could have complete at 1.0513, after rejection by 1.0505 resistance. Deeper fall would be seen to 1.0186 support first. Break will target 1.0086 and below. On the upside, above 1.0359 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 1.0513 resistance holds.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0283; (P) 1.0389; (R1) 1.0446; More….

EUR/CHF’s break of 1.0360 minor support argues that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505. Intraday bias will be turned back to the downside for 1.0186 support first. For now, risk will stay on the downside as long as 1.0513 resistance holds, in case of recovery.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0448; (P) 1.0467; (R1) 1.0502; More….

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505. Intraday bias will be turned back to the downside for 1.0186 support first. On the upside, however, sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0415; (P) 1.0453; (R1) 1.0492; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505. Intraday bias will be turned back to the downside for 1.0186 support first. On the upside, however, sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0394; (P) 1.0416; (R1) 1.0451; More….

On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505. Intraday bias will be turned back to the downside for 1.0186 support first. On the upside, however, sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Weekly Outlook

EUR/CHF rose further to 1.0513 last week but retreated sharply since then. Initial bias stays neutral this week first. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave corrective move at 1.0513. That came after rejection by 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505. Intraday bias will be turned back to the downside for 1.0186 support first. On the upside, however, sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

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 some sustained trading above the 55 month EMA (now at 1.0876).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0358; (P) 1.0418; (R1) 1.0472; More….

EUR/CHF recovered after drawing support from 1.0369 resistance turned support. Intraday bias remains neutral first and further rise could still be seen. On the upside sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782. However, decisive break of 1.0369 will indicate rejection by 1.0505 and turn bias back to the downside for 1.0186 support.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0423; (P) 1.0458; (R1) 1.0485; More….

A temporary top was formed at 1.0513, just ahead of 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516. Intraday bias is turned neutral first. For now, further rise is still in favor as long as 1.0369 resistance turned support holds. Sustained break of 1.0505 long term resistance will carry larger bullish implications. Next target is 161.8% projection at 1.0782. However, break of 1.0369 will indicate rejection by 1.0505 and turn bias back to the downside for 1.0186 support.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0457; (P) 1.0487; (R1) 1.0516; More….

Intraday bias in EUR/CHF stays mildly on the upside at this point. Sustained break of 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 and 1.0505 will carry larger bullish implications. Next near term target will be 161.8% projection at 1.0782. On the downside, below 1.0400 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0438; (P) 1.0467; (R1) 1.0526; More….

EUR/CHF’s rally is still in progress and intraday bias remains on the upside for 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516. This is close to long term resistance level at 1.0505. Sustained break of 1.0505/16 will carry larger bullish implications. Next near term target will be 161.8% projection at 1.0782. On the downside, below 1.0400 minor support will turn intraday bias neutral first.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0354; (P) 1.0403; (R1) 1.0472; More….

Intraday bias in EUR/CHF remains on the upside at this point. Current rise from 0.9970 should target 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 next. On the downside, below 1.0331 minor support will turn intraday bias neutral and bring consolidations first. But further rally will remain mildly in favor as long as 1.0186 support holds.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Weekly Outlook

EUR/CHF rose to as high as 1.0449 last week. The break of 1.0400 resistance confirmed resumption of rise from 0.9970. Initial bias stays on the upside for 100% projection of 0.9970 to 1.0086 from 1.0400 at 1.0516 next. On the downside, below 1.0331 minor support will turn intraday bias neutral and bring consolidations first. But further rally will remain mildly in favor as long as 1.0186 support holds.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

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 some sustained trading above the 55 month EMA (now at 1.0876).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0336; (P) 1.0365; (R1) 1.0412; More….

EUR/CHF retreats notably after just missing 1.0400 resistance and intraday bias is turned neutral first. On the upside, Firm break of 1.0400 resistance will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside, however, break of 4 hour 55 EMA (now at 1.0292) will turn bias to the downside for 1.0186 support and below, to extend the corrective pattern from 1.0400 with another leg.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0284; (P) 1.0331; (R1) 1.0377; More….

Intraday bias in EUR/CHF remains mildly on the upside at this point. Firm break of 1.0400 resistance will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside, below 1.0186 will turn bias back to the downside for 1.0086 support, to extend the corrective pattern from 1.0400.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 1.0265; (P) 1.0290; (R1) 1.0325; More….

EUR/CHF’s rebound from 1.0186 continues today and intraday bias stays on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside, below 1.0186 will turn bias back to the downside for 1.0086 support, to extend the corrective pattern from 1.0400.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0265; (P) 1.0290; (R1) 1.0325; More….

Intraday bias in EUR/CHF remains mildly on the upside for for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside, below 1.0186 will extend the corrective pattern from 1.0400 with deeper fall back to 1.0086 support.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0237; (P) 1.0264; (R1) 1.0301; More….

EUR/CHF’s break of 1.0289 minor resistance suggests that pull back from 1.0369 has completed. Intraday bias is back on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside,e below 1.0186 will extend the corrective pattern from 1.0400 with deeper fall back to 1.0086 support.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0214; (P) 1.0242; (R1) 1.0294; More….

Intraday bias in EUR/CHF remains neutral at this point. Another decline cannot be ruled out as consolidative pattern from 1.0400 extends. Below 1.0186 will target 1.0086 support. On the upside, above 1.0289 will target 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Weekly Outlook

EUR/CHF extended the corrective pattern from 1.0400 with another fall last week, and dipped to 1.0186. As a temporary low was formed there, initial bias is neutral this week first. Another decline cannot be ruled out with 1.0289 minor resistance intact. Below 1.0186 will target 1.0086 support. On the upside, above 1.0289 will target 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

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 some sustained trading above the 55 month EMA (now at 1.0891).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0182; (P) 1.0212; (R1) 1.0235; More….

EUR/CHF is losing some downside momentum but there is no sign of bottoming yet. Intraday bias remains mildly on the downside. Fall from 1.0369 is seen as the third leg of the corrective pattern from 1.0400. Deeper decline could be seen to 1.0086 support. On the upside, above 1.0289 minor resistance will turn intraday bias neutral first. Further break of 1.0400 resistance will resume the rebound from 0.9970 to 1.0610 structural resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.