Tue, Oct 20, 2020 @ 18:01 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0705; (P) 1.0717; (R1) 1.0724; More

Intraday bias in EUR/CHF remains neutral for the moment. Fall from 1.0877 is seen as the third leg of the corrective pattern fro 1.0915. Current recovery should be limited by 1.0749 resistance to bring another fall. On the downside, below 1.0688 temporary low will target 1.0602 support next. However, on the upside, break of 1.0749 minor resistance will mix up the near term outlook again.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0705; (P) 1.0717; (R1) 1.0734; More

Intraday bias in EUR/CHF remains neutral for some consolidations above 1.0688 temporary low. As noted before, corrective pattern from 1.0915 could have started the third leg. Further decline is expected as long as 1.0749 resistance holds. Break of 1.0688 will target 1.0602 support next. However, on the upside, break of 1.0749 minor resistance will mix up the near term outlook again.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Weekly Outlook

EUR/CHF finally broke out of range last week and dipped to as low as 1.0688. But as a temporary low was formed with subsequent recovery, initial bias is neutral this week first. Current development suggests that consolidation from pattern from 1.0915 has started the third leg. Break of 1.0688 will target 1.0602 support and possibly below. However, on the upside, break of 1.0749 minor resistance will mix up the near term outlook again.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0686; (P) 1.0709; (R1) 1.0730; More

Further decline is expected in EUR/CHF as long as 1.0749 resistance holds. Choppy rise from 1.0602 might have completed at 1.0877 already. Corrective pattern from 1.0915 could have started the third leg. Further fall would be seen to 1.0602 support next. Though, on the upside, break of 1.0749 minor resistance will dampen this bearish case and turn intraday bias neutral again.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0719; (P) 1.0735; (R1) 1.0744; More

EUR/CHF’s breach of 1.0721 support how suggests that choppy rise from 1.0602 might have completed at 1.0877 already. Corrective pattern from 1.0915 could have started the third leg. Intraday bias is now on the downside. Sustained trading below 1.0721 will target 1.0602 support next. Though, on the upside, break of 1.0749 minor resistance will dampen this bearish case and turn intraday bias neutral again.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0732; (P) 1.0739; (R1) 1.0753; More

EUR/CHF is still holding above 1.0721 support and intraday bias remains neutral. Further rise is still mildly in favor. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0727; (P) 1.0750; (R1) 1.0766; More

EUR/CHF drops notably today but stays above 1.0721 support. Intraday bias remains neutral first. With 1.0721 support intact, further rise is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0747; (P) 1.0768; (R1) 1.0782; More

EUR/CHF continues to stay in range trading below 1.0877 and intraday bias remains neutral. Still, with 1.0721 support intact, further rise is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Weekly Outlook

There was no special development in EUR/CHF last week as it stayed in range of 1.0721/0877. Initial bias remains neutral this week for some more consolidations first. Still, with 1.0721 support intact, further rise is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0776; (P) 1.0789; (R1) 1.0797; More

EUR/CHF is still bounded in consolidation from 1.0877 and intraday bias remains neutral first. Further rise is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0774; (P) 1.0785; (R1) 1.0803; More

Intraday bias in EUR/CHF remains neutral for the moment and more sideway trading could be seen. Further rise is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0759; (P) 1.0774; (R1) 1.0783; More

Range trading continues in EUR/CHF and intraday bias remains neutral. Further rise is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0748; (P) 1.0771; (R1) 1.0806; More

No change in EUR/CHF’s outlook as consolidation continues. Intraday bias remains neutral as further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0770; (P) 1.0784; (R1) 1.0799; More

EUR/CHF dips notably today but stays above 1.0721 support. Intraday bias remains neutral first and further rally will remain in favor. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Weekly Outlook

EUR/CHF extended the consolidation from 1.0877 and outlook is unchanged. Initial bias remains neutral for this week. As long as 1.0721 support holds, further rally is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0768; (P) 1.0787; (R1) 1.0808; More

Intraday bias in EUR/CHF remains neutral as consolidation continues. Further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0767; (P) 1.0792; (R1) 1.0821; More

Sideway trading continues in EUR/CHF and intraday bias stays neutral for the moment. Further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0778; (P) 1.0798; (R1) 1.0815; More

EUR/CHF is still staying in range of 1.0721/0877 and intraday bias remains neutral first. Further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0763; (P) 1.0796; (R1) 1.0819; More

Range trading still continues in EUR/CHF and intraday bias remains neutral first. Further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

- advertisement -

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0790; (P) 1.0805; (R1) 1.0820; More

Intraday bias in EUR/CHF remains neutral for consolidation inside1.0721/0877. Further rise is expected as long as 1.0721 support holds. Outlook is unchanged and initial bias stays neutral this week first. Further rally is expected with 1.0721 support intact. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for this support.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

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