EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0836; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0802 is still extending. Near term outlook stays bearish as long as 1.0985 resistance intact. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1488; (P) 1.1507; (R1) 1.1530; More….

As noted before, the recovery from 1.1387 could have completed at 1.1565 already. Intraday bias is mildly on the downside for 1.1387 support first. Break there will extend the correction from 1.1622 and should target 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251). We’d expect strong support from there to bring rebound.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1198 resistance turned support holds.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0986; (P) 1.0995; (R1) 1.1004; More

Intraday bias in EUR/CHF remains neutral as consolidation pattern from 1.0811 is extending. While further rise cannot be ruled out, we’d expect strong resistance from 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to limit upside. On the downside, break of 1.0863 will target 1.0811 low.

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.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0632; (P) 1.0666; (R1) 1.0685; More…

EUR/CHF drops notably but stays above 1.0635 temporary low. Intraday bias remains neutral first. Overall, near term outlook will remain bearish as long as 1.0749 resistance holds and deeper decline is expected. Decisive break of 1.0620 key support level will confirm resumption of whole fall from 1.1198. In that case, next downside target will be 1.0485 fibonacci level. Break of 1.0749 will raise the chance of medium term reversal and turn focus back to 1.0897 key resistance.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. On the upside, break of 1.0897 resistance is needed to confirm completion of such fall. Otherwise, outlook will stay bearish.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0796; (P) 1.0809; (R1) 1.0820; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current fall from 1.1149 is in progress for 1.0737 cluster support next. On the upside, break of 1.0863 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already, after hitting 1.1078 long term fibonacci level. On the downside, sustained trading below 55 week EMA (now at 1.0880) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1500; (P) 1.1526; (R1) 1.1541; More….

Breach of 1.1497 minor support argues that recovery from1.1387 has completed at 1.1565 already. intraday bias is turned back to the downside. EUR/CHF is staying the third leg of correction from 1.1622 and should extend through 1.1387 support. Nonetheless, strong support in expect at 1.1257 cluster support (38.2% retracement of 1.0652 to 1.1622 at 1.1251) to contain downside and bring rebound.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1198 resistance turned support holds.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1599; (P) 1.1619; (R1) 1.1647; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. On the downside, considering bearish divergence condition in 4 hour MACD and daily MACD, decisive break of 1.1541 will confirm topping and turn near term outlook bearish for 1.1355 key support. Nonetheless, on the upside, break of 1.1721 resistance will resume recent up trend towards 1.2 key level.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1355 support holds. However, break of 1.1355 will indicate medium term topping. In that case, EUR/CHF should head back to 55 week EMA (now at 1.1158) and possibly below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0912; (P) 1.0925; (R1) 1.0945; More….

Intraday bias in EUR/CHF stays on the upside as rise from 1.0694 is in progress. 1.0985 resistance is the next target. Sustained break there will target a test on 1.1149 high. On the downside, however, break of 1.0837 support will argue that the rebound has completed, and turn bias back to the downside for 1.0694 low.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0844; (P) 1.0855; (R1) 1.0864; More….

EUR/CHF is staying in consolidation above 1.0823 temporary low and intraday bias remains neutral for the moment. Outlook also remains bearish as long as 1.0985 resistance holds. On the downside, break of 1.0823 will resume the whole fall from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0859; More….

Intraday bias in EUR/CHF remains neutral at this point. Another rise is mildly in favor for now and break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, sustained trading below 55 day EMA (now at 1.0826) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0631; (P) 1.0647; (R1) 1.0659; More…

Intraday bias in EUR/CHF remains neutral for the moment. With 1.0706 resistance intact, outlook stays bearish and deeper decline is expected. Firm break of 1.0620 key support level will extend the larger decline from 1.1198 to 1.0485 fibonacci level. However, break of 1.0706 resistance will indicate short term bottoming and turn bias back to the upside. Further break of 1.0749 resistance will raise the chance of medium reversal.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. On the upside, break of 1.0897 resistance is needed to confirm completion of such fall. Otherwise, outlook will stay bearish.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1392; (P) 1.1431; (R1) 1.1454; More…

At this point. EUR/CHF is staying below 1.1477 minor resistance and intraday bias remains neutral first. Consolidation from 1.1537 could extend but downside should be contained by 38.2% retracement of 1.0830 to 1.1537 at 1.1267 to bring rebound. Break of 1.1477 resistance will argue that the consolidation from 1.1537 has completed and larger rise is resuming. Further break of 1.1537 will confirm and target 1.2 key resistance level next.

In the bigger picture, firm break of 1.1198 key resistance confirms resumption of the long term rise from SNB spike low back in 2015. In this case, EUR/CHF would eventually head back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1087 resistance turned support holds.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1460; (P) 1.1493; (R1) 1.1538; More…

Intraday bias in EUR/CHF is turned neutral with a temporary low in place at 1.1445. Deeper decline is expected as long as 1.1639 resistance holds. Below 1.1445 will extend the corrective fall from 1.1832 to 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372.) At this point, we’d expect strong support from there to contain downside and bring rebound.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1400; (P) 1.1429; (R1) 1.1448; More…

With 1.1511 minor resistance intact, deeper fall is expected in EUR/CHF. Correction from 1.1622 short term top would extend through 1.1355 support. Strong support is expected from 1.1257 (38.2% retracement of 1.0652 to 1.1622 at 1.1251) to bring rebound. On the upside, break of 1.1511 minor resistance will suggest that the pull back is completed and bring retest of 1.1622.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1198 resistance turned support holds.

EUR/CHF Weekly Outlook

EUR/CHF’s pull back from 1.1537 short term top extended to 1.1260 last week. But the cross drew support from 38.2% retracement of 1.0830 to 1.1537 at 1.1267 as expected and recovered. Initial bias stays neutral this week first. On the upside, break of 1.1394 minor resistance will argue that the correction is completed. In such case, intraday bias will be turned back to the upside for retesting 1.1537 high. Nonetheless, on the downside, firm break of 1.1267 will extend the fall and target 61.8% retracement at 1.1100.

In the bigger picture, firm break of 1.1198 key resistance confirms resumption of the long term rise from SNB spike low back in 2015. In this case, EUR/CHF would eventually head back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1087 resistance turned support holds.

EUR/CHF 4 Hours Chart

EUR/CHF Daily Chart

EUR/CHF Weekly Chart

EUR/CHF Monthly Chart

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0982; (P) 1.0992; (R1) 1.1003; More

Outlook in EUR/CHF remains unchanged and intraday bias stays neutral for the moment. Consolidation pattern form 1.0811 could extend further. While further rise cannot be ruled out, we’d expect strong resistance from 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to limit upside. On the downside, break of 1.0863 will target 1.0811 low.

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.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1371; (P) 1.1396; (R1) 1.1426; More…

Intraday bias in EUR/CHF stays neutral as consolidation from 1.1537 extends. On the upside, break of 1.1537 resistance will confirm resumption of larger rally from 1.0629. In that case, EUR/CHF should target 1.2 key resistance level next. On the downside, firm break of 38.2% retracement of 1.0830 to 1.1537 at 1.1267 will extend the correction to 61.8% retracement at 1.1100 before completion.

In the bigger picture, long term rise from SNB spike low back in 2015 is still in progress. EUR/CHF should now be heading back to prior SNB imposed floor at 1.2000. For now, this will be the favored case as long as 1.1087 resistance turned support holds.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1503; (P) 1.1526; (R1) 1.1566; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.1445 temporary low. As long as 1.1639 resistance holds, further decline is expected. Below 1.1445 will extend the corrective fall from 1.1832 to 1.1355 cluster support (38.2% retracement of 1.0629 to 1.1832 at 1.1372.) At this point, we’d expect strong support from there to contain downside and bring rebound.

In the bigger picture, a medium term top should be in place at 1.1832 on bearish divergence condition in daily MACD. But there is no indication of long term reversal yet. As long as 1.1198 resistance turned support holds, we’d still expect another rise through prior SNB imposed floor at 1.2000.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0696; (P) 1.0709; (R1) 1.0723; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. On the upside, break of 1.0823 resistance will re-affirm the case of trend reversal. And intraday bias will be turned back to the upside for 1.0897 resistance for confirmation. However, break of 1.0683 minor support will turn bias to the downside for 1.0620 key support level again.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Decisive break of 1.0897 resistance should confirm that it’s completed. And in that case, larger up trend is resuming for another high above 1.1198. Meanwhile, sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0734; (P) 1.0746; (R1) 1.0767; More….

Intraday bias in EUR/CHF remains neutral at this point. Outlook stays bearish with 1.0839 resistance intact and further fall is expected. On the downside, break of 1.0694 will resume larger fall from 1.1149. Next target is 61.8% projection of 1.0985 to 1.0715 from 1.0839 at 1.0672 first. Break will target 100% projection at 1.0569 next.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0863) holds. Break of 1.0505 low would be seen at a later stage.