EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9913; (P) 0.9983; (R1) 1.0022; More….

EUR/CHF’s break of 0.9986 suggests that corrective pattern from 1.0095 is in the third leg. Intraday bias is back on the downside for 0.9874 support, and possibly below. But downside should be contained by 38.2% retracement of 0.9407 to 1.0095 at 0.9832 to bring rebound.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0008; (P) 1.0035; (R1) 1.0064; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 0.9986 minor support will turn bias back to the downside, to extend the corrective pattern from 1.0095 with another leg, back towards 0.9873 support. On the upside, firm break of 1.0095 will resume whole rally from 0.9407 low.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9992; (P) 1.0015; (R1) 1.0035; More….

EUR/CHF recovered after hitting 0.9992 minor support and intraday bias remains neutral first. On the downside, break of 0.9986 minor support will turn bias back to the downside, to extend the corrective pattern from 1.0095 with another leg, back towards 0.9873 support. On the upside, firm break of 1.0095 will resume whole rally from 0.9407 low.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9999; (P) 1.0014; (R1) 1.0038; More….

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the downside, break of 0.9952 minor support will turn bias back to the downside, to extend the corrective pattern from 1.0095 with another leg, back towards 0.9873 support. On the upside, firm break of 1.0095 will resume whole rally from 0.9407 low.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9998; (P) 1.0034; (R1) 1.0055; More….

Intraday bias in EUR/CHF retreated ahead of 1.0095 and intraday bias is turned neutral first. On the downside, break of 0.9952 minor support will turn bias back to the downside, to extend the corrective pattern from 1.0095 with another leg, back towards 0.9873 support. On the upside, firm break of 1.0095 will resume whole rally from 0.9407 low.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0003; (P) 1.0035; (R1) 1.0076; More….

EUR/CHF’s rebound from 0.9873 is still in progress and intraday stays on the upside for resting 1.0095. Firm break there will resume whole rally from 0.9407 low. On the downside, though, break of 0.9952 minor support will turn bias back to the downside, to extend the corrective pattern from 1.0095 with another leg, back towards 0.9873 support.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9991; (P) 1.0013; (R1) 1.0042; More….

Intraday bias in EUR/CHF stays mildly on the upside at this point. Rebound from 0.9873 is in progress for retesting 1.0095 resistance. On the downside, though, break of 0.9952 minor support will turn bias back to the downside to resume the correction to 38.2% retracement of 0.9407 to 1.0095 at 0.9832.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise form 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9939; (P) 0.9969; (R1) 1.0021; More….

Intraday bias in EUR/CHF remains on the upside as rebound from 0.9873 extends higher today. Further rise would be seen to retest 1.0095 resistance. On the downside, though, break of 0.9952 minor support will turn bias back to the downside to resume the correction to 38.2% retracement of 0.9407 to 1.0095 at 0.9832.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise form 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

EUR/CHF Weekly Outlook

EUR/CHF’s sharp retreat last week might have completed at 0.9873 already, after drawing support from 55 day EMA. Initial bias is mildly on the upside this week for retesting 1.0095 resistance. On the downside, though, break of 0.9917 minor support will turn bias back to the downside to resume the correction to 38.2% retracement of 0.9407 to 1.0095 at 0.9832.

In the bigger picture, the initial rejection by 55 week EMA (now at 1.0039) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise form 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). However, firm break of 0.9832 support will revive medium term bearishness and bring retest of 0.9407 low instead.

In the long term picture, it’s still way to early too call for bullish trend reversal with upside capped well below 55 month EMA and 1.0505 support turned resistance (2020 low).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9891; (P) 0.9911; (R1) 0.9942; More….

EUR/CHF recovered after hitting 55 day EMA and intraday bias is turned neutral first. Another fall is in favor as long as 0.9962 minor resistance holds. Below 0.9873 will target 38.2% retracement of 0.9407 to 1.0095 at 0.9832. On the upside, above 0.9962 minor resistance will turn bias back to the upside for retesting 1.0095 high.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9874) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9859; (P) 0.9911; (R1) 0.9947; More….

Intraday bias in EUR/CHF stays on the downside at this point. Fall from 1.0095 short term top is in progress to 38.2% retracement of 0.9407 to 1.0095 at 0.9832. Strong support could be seen from there to bring rebound. On the upside, above 0.9962 minor resistance will turn bias back to the upside for retesting 1.0095 high.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9874) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9912; (P) 0.9970; (R1) 1.0005; More….

EUR/CHF’s break of 0.9953 resistance turned support indicates short term topping at 1.0095. Intraday bias is mildly on the downside for 55 day EMA (now at 0.9877), or further to 38.2% retracement of 0.9407 to 1.0095 at 0.9832. On the upside, above 0.9998 minor resistance will turn bias back to the upside for retesting 1.0095 high instead.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9866) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0001; (P) 1.0023; (R1) 1.0047; More….

EUR/CHF is staying in consolidation below 1.0095 and intraday bias remains neutral. Downside of retreat should be contained by 0.9953 resistance turned support to bring another rally. On the upside, break of 1.0095 will resume the rise to 100% projection of 0.9407 to 0.9953 from 0.9720 at 1.0266 next.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9866) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0004; (P) 1.0050; (R1) 1.0081; More….

Intraday bias in EUR/CHF remains neutral for consolidation below 1.0095 temporary top. Downside of retreat should be contained by 0.9953 resistance turned support to bring another rally. On the upside, break of 1.0095 will resume the rise to 100% projection of 0.9407 to 0.9953 from 0.9720 at 1.0266 next.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9866) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Weekly Outlook

EUR/CHF’s rise from 0.9407 finally resumed by breaking through 0.9953 last week, and hit as high as 1.0095. But as a temporary top was formed with subsequent retreat, initial bias is turned neutral this week first. Downside should be contained by 0.9953 resistance turned support to bring another rally. Break of 1.0095 will resume the rise to 100% projection of 0.9407 to 0.9953 from 0.9720 at 1.0266 next.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9866) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

In the long term picture, it’s still way to early too call for bullish trend reversal with upside capped well below 55 month EMA and 1.0505 support turned resistance (2020 low).

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0024; (P) 1.0052; (R1) 1.0093; More….

EUR/CHF rally is still accelerating and hits as high as 1.0095 so far today. Further rally should be seen to 100% projection of 0.9407 to 0.9953 from 0.9720 at 1.0266 next. On the downside, below 1.0017 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally.

In the bigger picture, break of 38.2% retracement of 1.1149 to 0.9407 at 1.0072 and 55 week EMA (now at 1.0041) is taken as an initial sign of long term bullish reversal. Further rally is expected as long as 55 days EMA (now at 0.9860) holds. Next target is 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484). Reactions from there should reveal long term momentum.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9936; (P) 0.9980; (R1) 1.0061; More….

EUR/CHF’s rally accelerates to as high as 1.0047 so far today. Intraday bias stays on the upside for 61.8% projection of 0.9407 to 0.9953 from 0.9720 at 1.0057, which is close to 1.0072 medium term fibonacci level. Decisive break there will carry larger bullish implication and target 100% projection at 1.0266 next. On the downside, below 0.9983 minor support will turn intraday bias neutral and bring consolidation first, before staging another rally.

In the bigger picture, focus is now on 38.2% retracement of 1.1149 to 0.9407 at 1.0072. Sustained break there will also have 55 week EMA (now at 1.0041) taken out firmly. That would be an initial sign of long term bullish reversal. Further rally would then be seen to 1.0505 long term support turned resistance (2020 low). However, rejection by 1.0072 will maintain medium term bearishness for another fall at a later stage.

EUR/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9883; (P) 0.9899; (R1) 0.9922; More….

EUR/CHF’s break of 0.9953 resistance finally confirms resumption of whole rise from 0.9407. Notable support from 55 day EMA is a bullish sign. Intraday bias is back on the upside. Further rise should be seen to 61.8% projection of 0.9407 to 0.9953 from 0.9720 at 1.0057, which is close to 1.0072 medium term fibonacci level. On the downside, below 0.9896 minor support will dampen the bullish case and turn intraday bias neutral first.

In the bigger picture, as long as 38.2% retracement of 1.1149 to 0.9407 at 1.0072 holds, price actions from 0.9407 medium term bottom will be treated as a corrective pattern. That is, long term down trend would resume through this low at a later stage. Nevertheless, firm break of 1.0072 will also have 55 week EMA (now at 1.0041) taken out. That would be an initial sign of long term bullish reversal.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9883; (P) 0.9899; (R1) 0.9922; More….

No change in EUR/CHF’s outlook as consolidation pattern form 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement of 0.8407 to 0.9953 at 0.9616.

In the bigger picture, as long as 38.2% retracement of 1.1149 to 0.9407 at 1.0072 holds, price actions from 0.9407 medium term bottom will be treated as a corrective pattern. That is, long term down trend would resume through this low at a later stage. Nevertheless, firm break of 1.0072 will also have 55 week EMA (now at 1.0041) taken out. That would be an initial sign of long term bullish reversal.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9865; (P) 0.9878; (R1) 0.9902; More….

EUR/CHF is still extending the consolidation pattern from 0.9953 and intraday bias remains neutral. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement of 0.8407 to 0.9953 at 0.9616.

In the bigger picture, as long as 38.2% retracement of 1.1149 to 0.9407 at 1.0072 holds, price actions from 0.9407 medium term bottom will be treated as a corrective pattern. That is, long term down trend would resume through this low at a later stage. Nevertheless, firm break of 1.0072 will also have 55 week EMA (now at 1.0041) taken out. That would be an initial sign of long term bullish reversal.