Fri, Jan 18, 2019 @ 18:35 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1289; (P) 1.1310; (R1) 1.1345; More…

EUR/CHF is still staying below 1.1340/8 resistance despite the strong rebound. Intraday bias remains neutral first. Outlook is unchanged that we’re still slightly favoring the case the choppy decline from 1.1501 has completed at 1.1181 already. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1263; (P) 1.1280; (R1) 1.1301; More…

Intraday bias in EUR/CHF remains neutral at this point. We’re still slightly favoring the case the choppy decline from 1.1501 has completed at 1.1181 already. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1249; (P) 1.1269; (R1) 1.1293; More…

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. We’re still slightly favoring the case the choppy decline from 1.1501 has completed at 1.1181 already. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1234; (P) 1.1262; (R1) 1.1278; More…

Intraday bias in EUR/CHF remains neutral at this point. For now, we’re still slightly favoring the case the choppy decline from 1.1501 has completed at 1.1181 already. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1259; (P) 1.1300; (R1) 1.1327; More…

Intraday bias in EUR/CHF remains neutral for the moment. We’re slightly favoring the case the choppy decline from 1.1501 has completed at 1.1181 already. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly to 1.1340 last week and the break of near term falling channel suggests bullish reversal. But it retreated ahead of 1.1348 resistance. Thus, initial bias is neutral this week first. On the upside, break of 1.1348 will confirm this bullish case and turn bias to the upside for retesting 1.1501 next. On the downside, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring rebound.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1265; (P) 1.1295; (R1) 1.1352; More…

EUR/CHF rises to as high as 1.1335 so far as rebound from 1.1181 extends. The break of near term channel resistance is a sign of bullish reversal. Intraday bias is mildly on the upside for 1.1348 resistance first. Break will confirm completion of whole decline from 1.1501 and should target retesting this resistance. On the downside, break of 1.1278 will turn bias neutral again. Overall, in case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1218; (P) 1.1241; (R1) 1.1273; More…

EUR/CHF is staying in tight range above 1.1181 and intraday bias remains neutral. In case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1214; (P) 1.1234; (R1) 1.1250; More…

Intraday bias in EUR/CHF remains neutral at this point. In case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1222; (P) 1.1244; (R1) 1.1262; More…

EUR/CHF is staying in range above 1.1181 temporary low and intraday bias remains neutral first. Deeper fall could still be seen. But again, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1227; (P) 1.1248; (R1) 1.1266; More…

Intraday bias in EUR/CHF remains neutral for the moment. In case of another fall, we’d expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Weekly Outlook

EUR/CHF’s choppy decline continued last week an hit 1.1181 but quickly recovered. Initial bias is neutral this wee first. Outlook is unchanged that we expect strong support from 1.1154/98 support zone to contain downside to bring reversal. On the upside, above 1.1348 resistance will turn bias to the upside for retesting 1.1501 resistance first. However, Sustained break of 1.1154/98 will carry larger bearish implications and extend the whole decline from 1.2004 high.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1192; (P) 1.1235; (R1) 1.1287; More…

No change in EUR/CHF’s outlook. The choppy decline is still in progress for 1.1173 low. For now, we’d still expect strong support from 1.1154/98 support zone to contain downside to bring reversal. But break of 1.1348 resistance is needed to indicate near term bottoming first. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1209; (P) 1.1240; (R1) 1.1264; More…

EUR/CHF’s decline from 1.1501 resumed and reached as low as 1.1181 so far. Intraday bias remains on the downside for 1.1173 low. For now, we’d still expect strong support from 1.1154/98 support zone to contain downside to bring reversal. But break of 1.1348 resistance is needed to indicate near term bottoming first. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0648; (P) 1.1853; (R1) 1.2461; More…

EUR/CHF breached 1.1224 but quickly recovered. But with 1.1348 resistance intact, further decline is still expected in the cross. The decline from 1.1501 will target to 1.1173 low. On the upside, though, break of 1.1348 resistance should confirm near term reversal and target 1.1501 resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1251; (P) 1.1283; (R1) 1.1323; More…

EUR/CHF is staying in range of 1.1224/1348 and intraday bias remains neutral. On the downside, break of 1.1224 will resume the decline from 1.1501 to 1.1173 low. On the upside, though, break of 1.1348 resistance should confirm near term reversal and target 1.1501 resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1259; (P) 1.1285; (R1) 1.1331; More…

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.1224 will resume the decline from 1.1501 to 1.1173 low. On the upside, though, break of 1.1348 resistance should confirm near term reversal and target 1.1501 resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1151; (P) 1.1285; (R1) 1.1397; More…

EUR/CHF is staying above 1.1224 low and intraday bias remains neutral first. But current development now suggests that fall from 1.1501 is still in progress. On the downside, break of 1.1224 will resume such decline for 1.1173 low. On the upside, though, break of 1.1348 resistance should confirm near term reversal and target 1.1501 resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Weekly Outlook

EUR/CHF edged higher to 1.1348 last week but failed to take out 55 day EMA firmly and retreated. Intraday bias remains neutral at this point first. We’re holding on to the view of short term bottoming at 1.1224, on bullish convergence condition in 4 hour MACD. Thus, current retreat should be contained well above 1.1224 low and further rally is favored. On the upside, break above 1.1348/1356 resistance zone will affirm this bullish view. Intraday bias will be turned back to term upside for retesting 1.1501 resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1287; (P) 1.1318; (R1) 1.1339; More…

EUR/CHF lost momentum again after hitting 1.1348 and intraday bias is turned neutral first. At this point, we’re still favoring the case the choppy fall from 1.1501 has completed at 1.1224, on bullish convergence condition in 4 hour MACD. Hence, downside of current retreat should be contain well above 1.1224 to bring another rally. On the upside, break of 1.1348 will target a test on 1.1501 key resistance.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

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