EUR/CHF edged higher to 0.9371 last week but retreated back into established range. Initial bias remains neutral this week first. As price actions from 0.9311 are corrective looking, fall from 0.9452 is likely still in progress. On the downside, break of 0.9311 will target 0.9265 support next. For now, risk will stay on the downside as long as 0.9394 resistance holds, in case of another recovery.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9820) holds.

Daily Pivots: (S1) 0.9337; (P) 0.9351; (R1) 0.9362; More…

Range trading continues in EUR/CHF and intraday bias remains neutral. On the upside, above 0.9371 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9332; (P) 0.9353; (R1) 0.9370; More…

EUR/CHF retreated again after edging higher to 0.9371 and intraday bias stays neutral. On the upside, above 0.9371 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9324; (P) 0.9357; (R1) 0.9378; More…

EUR/CHF retreated after brief spike to 0.9369 and intraday bias is turned neutral again. On the upside, above 0.9369 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9332; (P) 0.9348; (R1) 0.9372; More…

EUR/CHF’s breach of 0.9354 resistance suggest that rebound from 0.9311 is resuming. Intraday bias is back on the upside for 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9328; (P) 0.9334; (R1) 0.9344; More…

Intraday bias in EUR/CHF stays neutral as range trading is still in progress above 0.9311. Risk is mildly on the downside as long as 0.9354 resistance holds. Break of 0.9311 will resume the fall from 0.9452 to 0.9265 support. Nevertheless, firm break of 0.9354 will turn bias back to the upside for 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

EUR/CHF’s recovery was limited by 0.9354 resistance last week as sideway trading continued. Initial bias stays neutral this week first. Risk is mildly on the downside as long as 0.9354 resistance holds. Break of 0.9311 will resume the fall from 0.9452 to 0.9265 support. Nevertheless, firm break of 0.9354 will turn bias back to the upside for 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9839) holds.

Daily Pivots: (S1) 0.9315; (P) 0.9334; (R1) 0.9345; More…

Intraday bias in EUR/CHF stays neutral as range trading continues. On the upside, firm break of 0.9354 resistance will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9320; (P) 0.9338; (R1) 0.9353; More…

Range trading continues in EUR/CHF and intraday bias stays neutral. Considering bullish convergence condition in 4H MACD, firm break of 0.9354 resistance will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9341; (P) 0.9349; (R1) 0.9358; More…

Intraday bias in EUR/CHF remains neutral as range trading continues. Considering bullish convergence condition in 4H MACD, firm break of 0.9354 resistance will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9337; (P) 0.9346; (R1) 0.9362; More…

Sideway trading continues in EUR/CHF and intraday bias remains neutral. Considering bullish convergence condition in 4H MACD, firm break of 0.9354 resistance will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9335; (P) 0.9346; (R1) 0.9356; More…

Intraday bias in EUR/CHF remains neutral for the moment. Considering bullish convergence condition in 4H MACD, firm break of 0.9354 resistance will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

EUR/CHF edged lower again to 0.9311 but quickly rebounded. Upside is capped by 0.9354 resistance so far. Initial bias stays neutral this week first. Considering bullish convergence condition in 4H MACD, firm break of 0.9354 will confirm short term bottoming, and bring stronger rebound to 0.9394 resistance. On the downside, break of 0.9311 will resume the fall from 0.9452 to 0.9265 support.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9839) holds.

Daily Pivots: (S1) 0.9318; (P) 0.9331; (R1) 0.9354; More…

EUR/CHF is staying in range of 0.9311/9354 and intraday bias stays neutral. Further decline will remain in favor as long as 0.9354 resistance holds. Firm break of 0.9311 will extend the fall from 0.9452 to retest 0.9218 low. Nevertheless, considering bullish convergence condition in 4H MACD, firm break of 0.9354 will confirm short term bottoming, and turn bias back to the upside for 0.9394 resistance next.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9317; (P) 0.9334; (R1) 0.9344; More…

Range trading continues above 0.9313 and intraday bias in EUR/CHF stays neutral at this point. Further decline is expected with 0.9394 resistance intact. On the downside, break of 0.9313 will resume the fall from 0.9452 to retest 0.9218 low. On the upside, break of 0.9394 will bring stronger rally towards 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9317; (P) 0.9334; (R1) 0.9344; More…

Intraday bias in EUR/CHF remains neutral as range trading continues above 0.9313. Further decline is expected with 0.9394 resistance intact. On the downside, break of 0.9313 will resume the fall from 0.9452 to retest 0.9218 low. On the upside, break of 0.9394 will bring stronger rally towards 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9338; (P) 0.9347; (R1) 0.9356; More…

No change in EUR/CHF’s outlook as consolidations continue above 0.9313. Intraday bias stays neutral and further decline is expected with 0.9394 resistance intact. On the downside, break of 0.9313 will resume the fall from 0.9452 to retest 0.9218 low. On the upside, break of 0.9394 will bring stronger rally towards 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

Daily Pivots: (S1) 0.9333; (P) 0.9342; (R1) 0.9357; More…

EUR/CHF is extending consolidations above 0.9313 and intraday bias remains neutral for the moment. Further rally is expected with 0.9394 resistance intact. On the downside, break of 0.9313 will resume the decline from 0.9452 to retest 0.9218 low. On the upside, break of 0.9394 will bring stronger rally towards 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

EUR/CHF edged lower to 0.9313 last week but quickly recovered. Initial bias stays neutral this week first. Risk will stay on the downside as long as 0.9394 resistance holds. Break of 0.9313 will resume the decline from 0.9452 to retest 0.9218 low. On the upside, break of 0.9394 will bring stronger rally towards 0.9452 resistance instead.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.

In the long term picture, overall long term down trend is still in progress in EUR/CHF. Outlook will continue to stay bearish as long as 55 M EMA (now at 0.9839) holds.

Daily Pivots: (S1) 0.9330; (P) 0.9343; (R1) 0.9351; More….

Intraday bias in EUR/CHF stays neutral for consolidations above 0.9313. Risk will stay on the downside as long as 0.9394 resistance holds. On the downside, firm break of 0.9313 support will resume the decline from 0.9452. That would also solidify the bearish case that corrective pattern from 0.9218 has completed with three waves up to 0.9452 already. Deeper fall should then be seen to 0.9265 support, and then 0.9204 low.

In the bigger picture, the down trend from 0.9204 (2018 high) might still be in progress considering that EUR/CHF is staying well inside the long term falling channel. However, with bullish convergence condition in W MACD, downside potential should be limited in case of another fall. Instead, firm break of 0.9660 resistance will be an important sign of medium term bullish trend reversal.