EURCHF Outlook

EUR/CHF's strong break of 0.9408 resistance confirms resumption of whole rise from 0.8979. Intraday bias is back on the upside. Next target is 61.8% projection of 0.9176 to 0.9408 from 0.9304 at 0.9447. Firm break there will target 100% projection at 0.9536. On the downside, below 0.9398 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 0.9304 support to bring another rally.

In the bigger picture, the solid break of 0.9394 resistance should confirm that rise from 0.8979 medium term bottom is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. This will now remain the favored case as long as 0.9264 resistance turned support holds.

EUR/CHF's recovery from 0.9304 continues today but it's still capped below 0.9408. Intraday bias remains neutral first. Another fall cannot be ruled out as consolidations extend, but downside should be contained by 38.2% retracement of 0.8979 to 0.9408 at 0.9244 to bring rebound. On the upside, firm break of 0.9408 will resume larger rise from 0.8979.

In the bigger picture, the failure to sustain above 0.9394 dampen the bullish case. Outlook is turned neutral first. On the upside, firm break of 0.9394 should confirm that rise from 0.8979 medium term is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. However, sustained break of 0.9264 resistance turned support will revive medium term bearishness, and bring retest of 0.8979 low instead.

EUR/CHF is still bounded in range below 0.9408 and intraday bias stays neutral for the moment. Another fall cannot be ruled out as consolidations extend, but downside should be contained by 38.2% retracement of 0.8979 to 0.9408 at 0.9244 to bring rebound. On the upside, firm break of 0.9408 will resume larger rise from 0.8979.

In the bigger picture, the failure to sustain above 0.9394 dampen the bullish case. Outlook is turned neutral first. On the upside, firm break of 0.9394 should confirm that rise from 0.8979 medium term is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. However, sustained break of 0.9264 resistance turned support will revive medium term bearishness, and bring retest of 0.8979 low instead.