EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0238; (P) 1.0278; (R1) 1.0318; More….

Intraday bias in EUR/CHF remains neutral for the moment. Corrective rebound from 0.9970 should have completed with three waves up to 1.0513, after rejection by 1.0505 key resistance. Below 1.0228 will target 1.0086 support. Firm break there will bring retest of 0.9970 low. However, break of 1.0359 will dampen this bearish view and bring stronger recovery back towards 1.0513 resistance.

In the bigger picture, as long as 1.0505 support turned resistance (2020 low) holds, long term down trend from 1.2004 (2018 high) is expected to continue. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. However, firm break of 1.0505 will suggest medium term bottoming, and bring stronger rebound towards 1.1149 structural resistance.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0795; (P) 1.0803; (R1) 1.0818; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the upside, above 1.0844 will extend the rebound from 1.0737 towards 1.0890 resistance. On the downside, break of 1.0784 will target 1.0737 support. Overall, sideway trading from 1.0915 is set to extend for a while.

In the bigger picture, price actions from 1.0503 are still seen as a consolidation pattern. With 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) intact, the down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1059/76 will argue that rise from 1.0503 is starting a new up trend and would target 61.8% retracement at 1.1431 and above.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1629; (P) 1.1676; (R1) 1.1699; More…

The sharp decline of EUR/CHF and strong break of 1.1638 support is raising the chance of trend reversal. Intraday bias in turned back to the downside 1.1541. 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. On the upside, above 1.1653 minor resistance will turn bias back to the upside for 1.1721 high instead.

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) 1.1661; (P) 1.1691; (R1) 1.1711; More…

Upside momentum in EUR/CHF remains unconvincing with bearish divergence condition in 4 hour MACD. But outlook stays bullish as long as 1.1584 support holds. Medium term rise from 1.0629 should extend to 1.2 key level. However, firm break of 1.1584 will now indicate near term reversal and should bring pull back to 1.1355 support or below.

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 1.1142) and possibly below.

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) 1.0678; (P) 1.0688; (R1) 1.0700; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0652 continues. With 1.0699 minor resistance intact, deeper decline is still expected. Below 1.0652 will target 1.0620/0629 support zone. Decisive break there will confirm resumption of whole fall from 1.1198. In that case, EUR/CHF should target next long term fibonacci level at 1.0485. On the upside, break of 1.0699 minor resistance will argue that choppy fall from 1.0823 has completed and turn bias back to the upside.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Current development suggests that it’s not completed yet. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. In any case, break of 1.0823 resistance is needed to be the first indication of reversal. Otherwise, deeper fall is still expected even in case of recovery.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1764; (P) 1.1781; (R1) 1.1797; More…

Intraday bias in EUR/CHF stays neutral first. Even in case of another rise, we’ll remain cautious on strong resistance from 1.1832 to bring near term reversal. On the downside, below 1.1730 minor support will turn bias to the downside first. Further break of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then have started the third leg to retest 1.1445. However, firm break of 1.1832 will confirm resumption of larger up trend.

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) 1.1056; (P) 1.1075; (R1) 1.1093; More…

EUR/CHF recovered ahead of 1.1056 support and intraday bias remains neutral. More consolidation could be seen. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1012; (P) 1.1065; (R1) 1.1097; More….

EUR/CHF’s correction from 1.1149 is extending lower today. Intraday bias remains neutral first. While deeper retreat cannot be ruled out, further rally is expected as long as 1.0954 support holds. On the upside, break of 1.1149 will pave the way to 161.8% projection of 1.0503 to 1.0915 from 1.0737 at 1.1404.

In the bigger picture, current development suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from there is starting a medium term up trend. Next target is 61.8% retracement of 1.2004 to 1.0503 at 1.1431 and above. This will now remain the favored case as long as 1.0915 resistance turned support holds.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9557; (P) 0.9571; (R1) 0.9591; More

Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish with 0.9601 resistance intact. On the downside, decisive break of 0.9513 will resume the decline from 1.0095, towards 0.9407 low. However, break of 0.9601 resistance will turn bias back to the upside for stronger rebound to 0.9646 resistance and above.

In the bigger picture, medium term outlook is staying bearish as the cross is capped well below falling 55 W EMA (now at 0.9818). Down trend from 1.2004 (2018 high) is in favor to continue. Sustained break of 0.9407 will target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. For now, this will remain the favored case as long as 0.9670 support turned resistance holds, in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9660; (P) 0.9672; (R1) 0.9695; More

Intraday bias in EUR/CHF is back on the upside with break of 0.9678 resistance. Rise from 0.9416 is now resuming. Decisive break to 0.9891 will carry larger bullish implication, and target 0.9840 resistance next. On the downside, however, break of 0.9620 support will indicate short term topping, and turn bias back to the downside for deeper pull back.

In the bigger picture, fall from 1.0095 (2023 high) might have completed at 0.9416, just ahead of 0.9407 support (2022 low). Sustained break of 0.9691 cluster resistance (38.2% retracement of 1.0095 to 0.9416 at 0.9675) will pave the way to 61.8% retracement at 0.9836 and above. However, rejection by 0.9691 will maintain medium term bearishness for another test on 0.9407 at least.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9528; (P) 0.9560; (R1) 0.9582; More

EUR/CHF’s break of 0.9520 support indicates resumption of larger fall from 1.0095. Intraday bias is back on the downside. Next target is 61.8% projection of 0.9840 to 0.9520 from 0.9646 at 0.9448. On the upside, break of 0.9599 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, medium term outlook is staying bearish as the pair is capped well below falling 55 W EMA (now at 0.9849). Down trend from 1.2004 (2018 high) is in favor to continue. Sustained break of 0.9407 will target 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. For now, this will remain the favored case as long as 0.9670 support turned resistance holds, in case of strong rebound.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9430; (P) 0.9455; (R1) 0.9475; More

EUR/CHF is extending consolidation from 0.9402 and intraday bias remains neutral for the moment. Overall outlook stays bearish as long as 0.9543 resistance holds. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683 at 0.9325.

In the bigger picture, medium term outlook remains bearish as long as 0.9683 resistance holds. Firm break of 0.9407 (2022 low) will resume long term down trend. Next target will be 61.8% projection of 1.1149 (2020 high) to 0.9407 from 1.0095 at 0.9018.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0695; (P) 1.0714; (R1) 1.0726; More…

Intraday bias in EUR/CHF remains neutral for the moment as it’s bounded in range of 1.0677/0762. Below 1.0677 will extend the corrective fall from 1.1198 and target 1.0620 key support level. On the upside, above 1.0762 will turn focus back to 1.0897 resistance. Decisive break there will suggest reversal and turn near term outlook bullish.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress and retest of 38.2% retracement of 0.9771 to 1.1198 at 1.0653 could be seen. Sustained trading below 1.0653 will target 50% retracement at 1.0485. Meanwhile, break of 1.0897 resistance will argue that the larger up trend is finally resuming for above 1.1198.

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EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9921; (P) 0.9943; (R1) 0.9960; More….

Intraday bias in EUR/CHF stays on the downside and outlook is unchanged. Fall from 1.0040 is seen as another falling leg inside the corrective pattern from 1.0095. Deeper decline would be seen back to 0.9844 support. But downside should be contained by 0.9832 to bring rebound. On the upside, above 0.9986 minor resistance will turn bias back to the upside for 1.0040 resistance instead.

In the bigger picture, with 0.9832 support intact, rise from 0.9407 (2022 low) is still expected to continue. Break of 1.0095 and sustained trading above 55 week EMA (now at 1.0021) will be a medium term bullish signal, and bring further rally to 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) 1.1113; (P) 1.1130; (R1) 1.1151; More…

EUR/CHF is staying in consolidation from 1.1056 and intraday bias remains neutral at this point. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0831; (P) 1.0876; (R1) 1.0900; More…

EUR/CHF is still staying in consolidation form 1.0811 and intraday bias remains neutral. 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.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0577; (P) 1.0587; (R1) 1.0598; More

EUR/CHF rebounds after drawing support from 4 hour 55 EMA, but stays below 1.0662 temporary top. Intraday bias remains neutral first and further rise is in favor. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0210; (P) 1.0243; (R1) 1.0309; More….

EUR/CHF’s rebound from 1.0086 is extending higher and intraday bias stays on the upside. Current development suggests that rise from 1.0400 might be resuming. Firm break there will confirm and target 1.0610 resistance next. On the downside, below 1.0165 will turn bias back to the downside for 1.0086 and below instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. In any case, sustained break of 1.0505 support turned resistance (2020 low) is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1283; (P) 1.1321; (R1) 1.1385; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1537 continues. On the upside, break of 1.1477 resistance will argue that the consolidation from 1.1537 has completed and larger rise is resuming. However, 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, 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.