Tue, Oct 22, 2019 @ 09:30 GMT

EUR/CHF Weekly Outlook

EUR/CHF’s decline last week suggests that corrective recovery from 1.0811 has completed at 1.1018. Nevertheless, as the cross lost downside momentum ahead of 1.0811, initial bias is neutral first. In case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065). On the downside, sustained break of 1.0811 will resume larger down trend and target 1.0629 key support next.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0839; (P) 1.0857; (R1) 1.0871; More…

Intraday bias in EUR/CHF remains neutral for the moment. Consolidation from 1.0811 might extend with another rise. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption eventually. On the downside, sustained break of 1.0811 will resume larger down trend and target 1.0629 key support next.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0839; (P) 1.0853; (R1) 1.0874; More…

EUR/CHF recovers ahead of 1.0811 low and intraday bias is turned neutral first. Consolidation from 1.0811 might extend. But in case of another rise, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption eventually. On the downside, sustained break of 1.0811 will resume larger down trend and target 1.0629 key support next.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0839; (P) 1.0868; (R1) 1.0892; More…

Intraday bias in EUR/CHF remains on the downside for retesting 1.0811. Break will resume larger down trend and target 1.0629 key support next. ON the upside, above 1.0909 minor resistance would extend the consolidation from 1.0811 with another rise. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption eventually.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0850; (P) 1.0890; (R1) 1.0923; More…

EUR/CHF’s break of 1.0912 minor support suggests that corrective recovery from 1.0811 has completed at 1.1018 already. Intraday bias is turned back to the downside for retesting 1.0811 first. Break will resume larger down trend. On the upside, above 1.0929 minor resistance will turn bias neutral again. In case of another rise, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0899; (P) 1.0934; (R1) 1.0957; More…

Intraday bias in EUR/CHF stays neutral with focus on 1.0912 minor support. Break will indicate completion of the corrective rise from 1.0811, at 1.1018. Intraday bias will be turned back to the downside for retesting 1.0811 low. On the upside, in case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption.

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.

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EUR/CHF Weekly Outlook

EUR/CHF’s corrective rise from 1.0811 short term bottom extended higher to 1.1018 last week, but dropped sharply since then. Initial bias remains neutral with focus on 1.0912 minor support. Break will indicate completion of the correction. Intraday bias will be turned back to the downside for retesting 1.0811 low. On the upside, in case of another recovery, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption.

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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0941; (P) 1.0980; (R1) 1.1002; More…

EUR/CHF is still staying in corrective rise from 1.0811. Further rebound cannot be ruled out. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption. On the downside, below 1.0912 minor support will turn intraday bias back to the downside first. Further break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0985; (P) 1.1002; (R1) 1.1019; More…

No change in EUR/CHF’s outlook as corrective rise from 1.0811 might extend. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption. On the downside, below 1.0912 minor support will turn intraday bias back to the downside first. Further break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0940; (P) 1.0969; (R1) 1.1024; More…

EUR/CHF’s corrective rise from 1.0811 extends higher today further rebound could be seen. But still, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption. On the downside, below 1.0912 minor support will turn intraday bias back to the downside first. Further break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0904; (P) 1.0932; (R1) 1.0951; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0811 is extending. Stronger recovery cannot be ruled out. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1065) to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0937; (P) 1.0956; (R1) 1.0984; More…

EUR/CHF is staying in consolidation from 1.0811 and intraday bias remains neutral first. Further rise cannot be ruled out. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Weekly Outlook

EUR/CHF stayed in consolidation from 1.0811 short term bottom last week and outlook is unchanged. Initial bias stays neutral this week and more corrective trading could be seen. Further rise cannot be ruled out. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0882; (P) 1.0926; (R1) 1.0999; More…

Some volatility was seen in EUR/CHF but after all, it’s staying in consolidation from 1.0811. Intraday bias remains neutral first. In case of another rise, upside upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605). On the downside, break of 1.0811 will resume larger down trend.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0906; (P) 1.0938; (R1) 1.0966; More…

EUR/CHF continues to lose upside momentum as seen with 4 hour MACD crossed below signal line. But further rise cannot be ruled out with 1.0886 minor support intact. Even so, upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, below 1.0886 minor support will turn bias to the downside for retesting 1.0811 low first.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0923; (P) 1.0946; (R1) 1.0976; More…

No change in EUR/CHF’s outlook as rebound from 1.0811 is in progress. Further rise could be seen but upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, below 1.0886 minor support will turn bias to the downside for retesting 1.0811 low first.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0911; (P) 1.0937; (R1) 1.0986; More…

Intraday bias in EUR/CHF remains on the upside as rebound from 1.0811 is in progress. Further rise could be seen but upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, below 1.0886 minor support will turn bias to the downside for retesting 1.0811 low first.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0867; (P) 1.0899; (R1) 1.0922; More…

Corrective recovery from 1.0811 short term bottom could extend higher to 55 day EMA (now at 1.0972) and above. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Weekly Outlook

EUR/CHF edged lower to 1.0811 last week but recovered since then. Considering bullish convergence condition in 4 hour MACD and breach of 1.0924 minor resistance, a short term bottom should be formed. Further rise is in favor this week to 55 day EMA (now at 1.0977) and above. But upside should be limited by 1.1062 cluster resistance (38.2% retracement of 1.1476 to 1.0811 at 1.1605 to bring fall resumption. On the downside, break of 1.0811 will resume larger down trend from 1.2004.

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0828; (P) 1.0871; (R1) 1.0922; More…

Focus is now on 1.0924 resistance with today’s rebound. As long as 1.0924 holds, further decline is expected in EUR/CHF, break of 1.0811 temporary low will resume larger down trend to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. However, firm break of 1.0924 will indicate short term bottoming and bring stronger rebound to 55 day EMA (now at 1.0977).

In the bigger picture, down trend from 1.2004 is (2018 high) 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.

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