EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0771; (P) 1.0789; (R1) 1.0807; More….

Intraday bias in EUR/CHF remains on the downside for the moment. Current fall from 1.0936 will target a test on 1.0694 low. Firm break there will resume whole decline from 1.1149. On the upside, above 1.0860 minor resistance will turn bias back to the upside for 1.0936 resistance instead.

In the bigger picture, medium term outlook remains mixed as EUR/CHF is still failing to get rid of 55 week EMA cleanly. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Weekly Outlook

EUR/CHF’s decline from 1.0936 resumed last week and intraday bias stays on the downside this week for retesting 1.0694 low. Firm break there will resume whole decline from 1.1149. On the upside, above 1.0860 minor resistance will turn bias back to the upside for 1.0936 resistance instead.

In the bigger picture, medium term outlook remains mixed as EUR/CHF is still failing to get rid of 55 week EMA cleanly. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

In the long term picture, rejection by 55 month EMA (now at 1.1039) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0806; (R1) 1.0827; More….

EUR/CHF’s fall from 1.0936 resumed by breaking 1.0811 temporary low. Intraday bias is back on the downside for retesting 1.0694 low. On the upside, above 1.0860 minor resistance will turn bias back to the upside for retesting 1.0936 resistance instead.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0819; (P) 1.0841; (R1) 1.0860; More….

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0811 continues. Outlook is unchanged that rebound from 1.0694 has possibly completed at 1.0936 already. Break of 1.0811 will turn bias to the downside and resume the fall for retesting 1.0694 low. On the upside, however, above 1.0884 minor resistance will turn bias back to the upside for 1.0936 resistance instead.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0836; (P) 1.0848; (R1) 1.0870; More….

EUR/CHF is staying in consolidation from 1.0811 low and intraday bias remains neutral first. As noted before, rebound from 1.0694 has possibly completed at 1.0936 already. Break of 1.0811 will turn bias to the downside and resume the fall for retesting 1.0694 low. On the upside, however, above 1.0884 minor resistance will turn bias back to the upside for 1.0936 resistance again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0839; (R1) 1.0854; More….

Intraday bias in EUR/CHF stays neutral for consolidation above 1.0811 temporary low. As noted before, rebound from 1.0694 has possibly completed at 1.0936 already. Break of 1.0811 will turn bias to the downside and resume the fall for retesting 1.0694 low. On the upside, however, above 1.0884 minor resistance will turn bias back to the upside for 1.0936 resistance again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0816; (P) 1.0841; (R1) 1.0860; More….

Intraday bias in EUR/CHF remains neutral at this point,. As noted before, rebound from 1.0694 has possibly completed at 1.0936 already. Break of 1.0811 will turn bias to the downside and resume the fall for retesting 1.0694 low. On the upside, however, above 1.0884 minor resistance will turn bias back to the upside for 1.0936 resistance again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Weekly Outlook

EUR/CHF’s fall last week argues that rebound from 1.0694 might have completed at 1.0936 already. But as a temporary low as formed at 1.0811, initial bias remains neutral this week first. On the downside, below 1.0811 will resume the fall from 1.0936 to retest 1.0694 low. On the upside, above 1.0884 minor resistance will turn bias back to the upside for 1.0936 resistance again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0830; (P) 1.0846; (R1) 1.0868; More….

Intraday bias in EUR/CHF is turned neutral with current recovery. But further fall is in favor with 1.0884 minor resistance intact. On the downside, below 1.0811 will resume the fall from 1.0936 to retest 1.0694 low. On the upside, break of 1.0884 minor resistance will turn bias back to the upside for 1.0936 again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0813; (P) 1.0829; (R1) 1.0845; More….

Intraday bias in EUR/CHF stays mildly on the downside at this point. Rebound from 1.0694 could have completed at 1.0936 already. Deeper fall would be seen back to retest 1.0694 low. Break there will resume whole decline from 1.1149. On the upside, break of 1.0884 minor resistance will turn bias back to the upside for 1.0936 again.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0802; (P) 1.0844; (R1) 1.0872; More….

EUR/CHF’s break of 1.0837 support suggests that rebound from 1.0694 has completed at 1.0936. Intraday bias is turned back to the downside for retesting 1.0694 low. Break there will resume whole decline from 1.1149. On the upside, break of 1.0936 will resume the rebound to 1.0985 resistance instead.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0858; (P) 1.0897; (R1) 1.0920; More….

Intraday bias in EUR/CHF is turned neutral with current retreat from 1.0936 temporary top. Further rally remains in favor as long as 1.0837 support holds. On the upside, break of 1.0936 will resume the rise form 1.0694 to 1.0985 resistance first. Sustained break there will pave the way to retest 1.1149 high. On the downside, however, break of 1.0837 support will argue that the rebound has completed, and turn bias back to the downside for 1.0694 low.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0912; (P) 1.0925; (R1) 1.0945; More….

Intraday bias in EUR/CHF stays on the upside as rise from 1.0694 is in progress. 1.0985 resistance is the next target. Sustained break there will target a test on 1.1149 high. On the downside, however, break of 1.0837 support will argue that the rebound has completed, and turn bias back to the downside for 1.0694 low.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

EUR/CHF Weekly Outlook

EUR/CHF’s rebound from 1.0694 resumed later week after some consolidations. Initial bias stays on the upside this week for 1.0985 resistance first. Sustained break there will target a test on 1.1149 high. On the downside, however, break of 1.0837 support will argue that the rebound has completed, and turn bias back to the downside for 1.0694 low.

In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0878; (P) 1.0898; (R1) 1.0938; More….

EUR/CHF’s rise from 1.0694 resumed by taking out 1.0902 temporary top. Intraday bias is back on the upside for 1.0985 resistance next. On the downside, break of 1.0837 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0848; (P) 1.0860; (R1) 1.0879; More….

Intraday bias in EUR/CHF remains neutral and further rise is in favor with 1.0833 support intact. On the upside, break of 1.0902 will resume the rise from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0874; (R1) 1.0892; More….

EUR/CHF retreated quickly after edging higher to 1.0902 and intraday bias is turned neutral again. On the upside, break of 1.0902 will resume the rise from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0877; (R1) 1.0914; More….

EUR/CHF is staying in range below 1.0899 and intraday bias remains neutral first. Further rise is still in favor and break of break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, break of 1.0833 support will turn bias back to the downside for retesting 1.0694 low instead.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0833; (P) 1.0847; (R1) 1.0859; More….

Intraday bias in EUR/CHF remains neutral at this point. Another rise is mildly in favor for now and break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, sustained trading below 55 day EMA (now at 1.0826) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

EUR/CHF Weekly Outlook

EUR/CHF edged higher to 1.0899 last week but retreated since then. Initial bias remains neutral this week for some consolidations first. Another rise is mildly in favor for now and break of 1.0899 will resume the rebound from 1.0694 to 1.0985 resistance next. However, on the downside, sustained trading below 55 day EMA (now at 1.0825) will turn focus back to 1.0694 low.

In the bigger picture, rebound from 1.0505 (2020 low) should have completed at 1.1149 already. The three-wave corrective structure argues that the downtrend from 1.2004 (2018 high) is not over yet. Medium term outlook will now stay bearish as long as 55 week EMA (now at 1.0858) holds. Break of 1.0505 low would be seen at a later stage. However, sustained trading above 55 week EMA will bring retest of 1.1149 high instead.

In the long term picture, rejection by 55 month EMA (now at 1.1056) retains long term bearishness. Break of 1.0505 low will resume down trend to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223.