Sun, May 31, 2020 @ 11:00 GMT

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0530; (P) 1.0536; (R1) 1.0548; More

Intraday bias in EUR/CHF remains neutral for the moment and consolidation from 1.0503 might extend. But in case of another rise, upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0515; (P) 1.0532; (R1) 1.0543; More

EUR/CHF is staying in consolidation from 1.0503 and intraday bias remains neutral for the moment. Another rise cannot be ruled out as consolidation extends. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0522; (P) 1.0538; (R1) 1.0558; More

EUR/CHF recovers ahead of 1.0503 support and consolidation might extend. Intraday bias remains neutral first. Another rise cannot be ruled out as consolidation extends. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0512; (P) 1.0537; (R1) 1.0551; More

EUR/CHF drops further today but still stays above 1.0503 temporary low. Intraday bias remains neutral at this point. Another rise cannot be ruled out as consolidation extends. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0542; (P) 1.0564; (R1) 1.0576; More

EUR/CHF dips mildly today but it’s still staying in consolidation from 1.0503. Intraday bias stays neutral first. Another rise cannot be ruled out. But upside 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation from 1.0503 last week an outlook is unchanged. Another rise cannot be ruled out for the near term. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0548; (P) 1.0575; (R1) 1.0602; More

No change in EUR/CHF’s outlook as it’s staying in corrective pattern from 1.0503. Stronger rebound might be seen through 1.0611. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0559; (P) 1.0584; (R1) 1.0621; More

EUR/CHF drew strong support form 4 hour 55 EMA and rebounded after brief retreat. Outlook is unchanged that corrective rise from 1.0503 is still in progress. Break of 1.0611 cannot be ruled out. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0525; (P) 1.0569; (R1) 1.0591; More

EUR/CHF retreated sharply after rebounding to 1.0611 but drew support from 4 hour 55 EMA. Intraday bias is turned neutral first. Consolidation from 1.0503 might extend further. But upside should be limited by 1.0653 resistance to bring down trend resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0535; (P) 1.0558; (R1) 1.0586; More

EUR/CHF’s rebound from 1.0503 extends higher today and intraday bias stays on the upside. At this point, we’d still expect upside to be limited 1.0653 resistance to bring fall resumption. On the downside, break of 1.0554 minor support will bring retest of 1.0503 low first. Break will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0518; (P) 1.0528; (R1) 1.0543; More

EUR/CHF’s recovery from 1.0503 extends higher today and further rise could be seen to 55 day EMA (now at 1.0598). But upside should be limited below 1.0653 resistance to bring fall resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Weekly Outlook

EUR/CHF’s down trend continued last week and edged lower to 1.0503. But subsequent recovery suggests short term bottom on bullish convergence condition in 4 hour MACD. Stronger recovery could be seen this week to 55 day EMA (now at 1.0600). But upside should be limited below 1.0653 resistance to bring fall resumption. On the downside, break of 1.0503 will target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0509; (P) 1.0520; (R1) 1.0530; More

Downside momentum in EUR/CHF is unconvincing as seen in 4 hour MACD. But further decline is expected as long as 1.0532 resistance holds. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. On the upside, though, break of 1.0532 resistance will indicate short term bottoming and bring lengthier consolidations.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0509; (P) 1.0521; (R1) 1.0528; More

EUR/CHF’s decline resumes after brief consolidation and intraday bias is back on the downside. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. On the upside, though, break of 1.0532 resistance will indicate short term bottoming and bring lengthier consolidations.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0516; (P) 1.0524; (R1) 1.0536; More

Intraday bias in EUR/CHF is turned neutral as recovery from 1.0508 is set to extend further. Upside should be limited well below 1.0653 resistance to bring fall resumption. On the downside, break of 1.0508 will extend larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0508; (P) 1.0519; (R1) 1.0524; More

With 1.0551 minor resistance intact, intraday bias in EUR/CHF remains mildly on the downside. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. On the upside, above 1.0551 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.0653 resistance to bring fall resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0509; (P) 1.0519; (R1) 1.0526; More

Intraday bias in EUR/CHF remains mildly on the downside. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. On the upside, above 1.0551 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.0653 resistance to bring fall resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Weekly Outlook

EUR/CHF’s break of 1.0523 support last week suggests larger down trend resumption. Initial bias stays on the downside this week. Next downside target is 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394. On the upside, above 1.0551 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.0653 resistance to bring fall resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0653 resistance holds. However, considering bullish convergence condition in daily MACD, firm break of 1.0653 resistance will indicate medium term bottoming. Strong rebound would then be seen back to 1.0811/1059 resistance zone.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0507; (P) 1.0518; (R1) 1.0527; More

With 1.0551 minor resistance intact, intraday bias in EUR/CHF remains on the downside. Current down trend should target 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394. On the upside, above 1.0551 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.0653 resistance to bring fall resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0811 support turned resistance holds, in case of rebound. However, considering bullish convergence condition in daily MACD, firm of 1.0811 resistance will indicate medium term bottoming.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0515; (P) 1.0533; (R1) 1.0543; More

EUR/CHF’s break of 1.0523 support suggests down trend resumption. Intraday bias is back on the downside. Next target is 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394. On the upside, above 1.0551 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.0653 resistance to bring fall resumption.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress for parity next. In any case, outlook will remain bearish as long as 1.0811 support turned resistance holds, in case of rebound. However, considering bullish convergence condition in daily MACD, firm of 1.0811 resistance will indicate medium term bottoming.

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