Daily Pivots: (S1) 1.0840; (P) 1.0853; (R1) 1.0867; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0802 temporary low first. Outlook will stay bearish as long as 1.0985 resistance holds. On the downside, break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF edged lower to 1.0802 last week but recovered since then. Initial bias remains neutral this week for some consolidations first. Outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0802 will resume the decline from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0882) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

In the long term picture, price actions from 1.0505 are currently seen as a correction to down trend from 1.2004 (2018 high). only. The failure to sustain above 38.2% retracement of 1.2004 to 1.0505 at 1.1078 retains long term bearishness. This is also affirmed by rejection by 55 month EMA. Another fall through 1.0505 is mildly in favor for now.

Daily Pivots: (S1) 1.0814; (P) 1.0832; (R1) 1.0858; More….

A temporary low is formed at 1.0802 and intraday bias in EUR/CHF is turned neutral first. Outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0802 will resume the decline from 1.1149, for 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0811; (P) 1.0831; (R1) 1.0844; More….

No change in EUR/CHF’s outlook as fall from 1.1149 is in progress. Intraday bias stays on the downside for 1.0737 cluster support next. On the upside, above 1.0866 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds, in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0849; More….

Intraday bias in EUR/CHF is back on the downside with break of 1.0823 support. Fall from 1.1149 is resuming and should target 1.0737 cluster support next. On the upside, above 1.0866 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds, in case of recovery.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0844; (P) 1.0855; (R1) 1.0864; More….

EUR/CHF is staying in consolidation above 1.0823 temporary low and intraday bias remains neutral for the moment. Outlook also remains bearish as long as 1.0985 resistance holds. On the downside, break of 1.0823 will resume the whole fall from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

Daily Pivots: (S1) 1.0835; (P) 1.0851; (R1) 1.0871; More….

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0823 temporary low first. But outlook stays bearish as long as 1.0985 resistance holds. Break of 1.0823 will resume the whole fall from 1.1149, to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

EUR/CHF’s decline from 1.1149 resumed last week and hit as low as 1.0823. A temporary low was formed there with subsequent recovery. Initial bias is turned neutral this week first. Some consolidations could be seen. But overall outlook will stay bearish as long as 1.0985 resistance holds. Break of 1.0823 will resume the decline to 1.0737 cluster support next.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed with three waves up to 1.1149 already. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Further break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will bring retest of 1.0505 low.

In the long term picture, price actions from 1.0505 are currently seen as a correction to down trend from 1.2004 (2018 high). only. The failure to sustain above 38.2% retracement of 1.2004 to 1.0505 at 1.1078 retains long term bearishness. This is also affirmed by rejection by 55 month EMA. Another fall through 1.0505 is mildly in favor for now.

Daily Pivots: (S1) 1.0800; (P) 1.0862; (R1) 1.0899; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current choppy decline from 1.1149 has just resumed and should target 1.0737 cluster support zone. On the upside, break of 1.0864 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0906; (P) 1.0920; (R1) 1.0929; More….

EUR/CHF drops to as low as 1.0864 so far and intraday bias remains on the downside. Break of 1.0863 support will resume whole decline from 1.1149. Deeper fall should then be seen to 1.0737 cluster support zone. On the upside, break of 1.0906 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.0985 resistance holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0920; (P) 1.0933; (R1) 1.0944; More….

Intraday bias in EUR/CHF remains on the downside at this point, and outlook is unchanged. Rebound from 1.0863 could have completed at 1.0985, after rejection by medium term channel resistance. Deeper fall would be seen to 1.0863 support first. Break there will resume whole decline from 1.1149 to 1.0737 cluster support zone. On the upside, above 1.0944 minor resistance will turn bias back to the upside for 1.0985 resistance instead.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0928; (P) 1.0938; (R1) 1.0951; More….

Intraday bias in EUR/CHF stays mildly on the downside for the moment. Rebound from 1.0863 could have completed at 1.0985, after rejection by medium term channel resistance. Deeper fall would be seen to 1.0863 support first. Break there will resume whole decline from 1.1149 to 1.0737 cluster support zone. For now, risk will be on the downside as long as 1.0985 holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0906; (P) 1.0940; (R1) 1.0957; More….

Intraday bias in EUR/CHF is mildly on the downside at this point. Rebound from 1.0863 could have completed at 1.0985, after rejection by medium term channel resistance. Deeper fall would be seen to 1.0863 support first. Break there will resume whole decline from 1.1149 to 1.0737 cluster support zone. For now, risk will be on the downside as long as 1.0985 holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

EUR/CHF edged higher to 1.0985 last week, but was rejected by medium term channel resistance and reversed from there. Rebound from 1.0863 might have completed already. Initial bias is now on the downside this week for 1.0863 support first. Break there will resume whole decline from 1.1149 to 1.0737 cluster support zone. For now, risk will be on the downside as long as 1.0985 holds.

In the bigger picture, current development argues that rebound from 1.0505 (2020 low) might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1074) at least keeps medium term bearishness open. Sustained break of 1.0737 cluster support (61.8% retracement of 1.0505 to 1.1149 at 1.0751) will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0885) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0957; (P) 1.0972; (R1) 1.0983; More….

EUR/CHF retreats again after hitting 1.0985 and intraday bias is turned neutral again. Outlook stays bearish with 1.1026 resistance intact. Break of 1.0939 support will argue that rebound from 1.0863 has completed. Intraday bias is turned back to the downside for retesting 1.0863 low. On the upside, above 1.0985 will resume the rebound towards 1.1026 resistance.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0958; (P) 1.0970; (R1) 1.0984; More….

Intraday bias in EUR/CHF is back on the upside as rebound from 1.0863 resumes. Further rise could be seen towards 1.1026 resistance. But overall outlook will stay bearish as long as 1.1026 holds. On the downside, break of 1.0939 support will bring retest of 1.0863 low.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0951; (P) 1.0961; (R1) 1.0971; More….

Intraday bias in EUR/CHF remains neutral first. On the upside, break of 1.0974 will resume the rebound from 1.0863. But outlook will stay bearish as long as 1.1026 resistance holds. On the downside, break of 1.0930 minor support will bring retest of 1.0863 low. Break there will resume whole fall from 1.1149.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0953; (P) 1.0961; (R1) 1.0978; More….

EUR/CHF is staying in tight range below 1.0974 and intraday bias remains neutral first. Outlook stays bearish as long as 1.1026 resistance holds. On the downside, break of 1.0930 minor support will bring retest of 1.0863 low. Break there will resume whole fall from 1.1149. On the upside, break of 1.1026 will be the first sign of near term bullish reversal.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

Daily Pivots: (S1) 1.0937; (P) 1.0950; (R1) 1.0959; More….

Intraday bias in EUR/CHF remains neutral at this point. Outlook stays bearish as long as 1.1026 resistance holds. On the downside, break of 1.0930 minor support will bring retest of 1.0863 low. Break there will resume whole fall from 1.1149. On the upside, break of 1.1026 will be the first sign of near term bullish reversal.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.

EUR/CHF’s rebound from 1.0863 extended to 1.0974 last week, but retreated ahead of channel resistance. Initial bias remains neutral this week first. Outlook stays bearish as long as 1.1026 resistance holds. On the downside, break of 1.0930 minor support will bring retest of 1.0863 low. Break there will resume whole fall from 1.1149. On the upside, break of 1.1026 will be the first sign of near term bullish reversal.

In the bigger picture, current development argues that rebound from 1.0505 might be completed at 1.1149 already. Rejection by 55 month EMA (now at 1.1077) at least keeps medium term bearishness open. Sustained break of 1.0737 support will argue that the down trend from 2004 (2018 high) is ready to resume through 1.0505 low. Sustained trading below 55 week EMA (now at 1.0879) will affirm this bearish case. Nevertheless, strong support from 55 week EMA will revive the case for resuming the rise from 1.0505 at a later stage.