Daily Pivots: (S1) 0.9681; (P) 0.9703; (R1) 0.9729; More…

Outlook in EUR/CHF is staying unchanged. The corrective pattern from 1.0095 could be contained by 61.8% retracement of 0.9407 to 1.0095 at 0.9670. On the upside, break of 0.9760 resistance should confirm short term bottoming and turn bias back to the upside for stronger rebound. However, sustained break of 0.9670 will pave the way back to 0.9407 low.

In the bigger picture, prior rejection by 38.2% retracement of 1.1149 to 0.9407 at 1.0072 suggests that medium term outlook is staying bearish. The pair is also capped below 55 W EMA (now at 0.9963). Down trend from 1.2004 is not completed yet and is in favor to resume through 0.9407 at a later stage. However, decisive break of 1.0095 resistance will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 1.0505 cluster resistance (2020 low at 1.0505, 61.8% retracement of 1.1149 to 0.9407 at 1.1484).

Daily Pivots: (S1) 1.1740; (P) 1.1757; (R1) 1.1778; More…

EUR/CHF continues to stay in tight range below 1.1803 temporary top and intraday bias remains neutral. Above 1.1802 will extend the rise from 1.1445. But, we’d stay cautious on strong resistance from 1.1832 to bring reversal. Break of of 1.1649 support will indicate completion of rebound form 1.1445. And the corrective pattern from 1.1832 would then extend with another decline 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.

Daily Pivots: (S1) 1.0614; (P) 1.0634; (R1) 1.0650; More…

Outlook in EUR/CHF remains unchanged as consolidation from 1.0523 is extending. Intraday bias remains neutral first and further decline is expected with 1.0710 resistance intact. Break of 1.0523 will resume larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next. However, on the upside, break of 1.0710 will indicate short term bottoming. Stronger rebound would be seen back to 1.0811/1059 resistance zone.

In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. Sustained break of 1.0629 will pave the way to parity next. In any case, outlook will remain bearish as long as 1.0811 support turned resistance holds, in case of rebound. However, considering bullish convergence condition in daily MACD, firm of 1.0811 resistance will indicate medium term bottoming.

Daily Pivots: (S1) 1.1124; (P) 1.1143; (R1) 1.1166; More…

EUR/CHF’s consolidation from 1.1056 is still extending and intraday bias remains neutral. Upside of recovery 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.

Daily Pivots: (S1) 1.0475; (P) 1.0494; (R1) 1.0519; More….

Intraday bias in EUR/CHF is turned neutral with current recovery. But further decline is expected with 1.0596 resistance intact. Break of 1.0446 will resume the down trend from 1.1149 to 161.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0200 next. Nevertheless, break of 1.0596 will indicate short term bottoming and turn bias back to the upside for stronger rebound.

In the bigger picture, down trend from 1.2004 (2018 high) should be resuming with break of 1.0505 (2020 low). Next target is 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. On the upside, break of 1.0694 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.0687; (P) 1.0704; (R1) 1.0724; More…

A short term bottom is likely in place at 1.0629 on bullish convergence condition in 4 hour MACD. Intraday bias stays on the upside for 1.0749 resistance next. Also, current development is raising the change of larger trend reversal after defending 1.0620 key support level. Decisive break of 1.0749 should affirm this bullish case and target 1.0897. On the downside, though, below 1.0683 minor support will turn bias back to the downside for 1.0629 instead.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. There is no confirmation of completion yet. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. However, strong rebound from 1.0620 and break of 1.0897 resistance will indicate trend reversal and turn outlook bullish.

Daily Pivots: (S1) 1.0807; (P) 1.0827; (R1) 1.0838; More….

Intraday bias in EUR/CHF remains neutral first and more consolidative trading could be seen. On the upside, firm break of 1.0871 will suggest that whole rebound from 1.0503 is resuming. Further rally should be seen through 1.0915 resistance to 61.8% projection of 1.0503 to 1.0915 from 1.0735 at 1.0990.

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.

Daily Pivots: (S1) 1.0414; (P) 1.0451; (R1) 1.0476; More….

Intraday bias in EUR/CHF remains neutral for the moment. Corrective rebound from 1.0342 could extend higher. But strong resistance should be seen from 38.2% retracement of 1.0936 to 1.0324 at 1.0558 to limit upside. On the downside, below 1.0423 minor support will turn bias back to the downside for retesting 1.0324 low. Break there will resume larger down trend from 1.1149.

In the bigger picture, long term down trend from 1.2004 (2018 high) is now extending. Next target is 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. On the upside, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish even in case of rebound.

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.

Daily Pivots: (S1) 1.1613; (P) 1.1649; (R1) 1.1670; More…

Intraday bias in EUR/CHF remains neutral at this point and outlook is unchanged. We believe that the cross is close to topping, if not formed. This is under persistent bearish divergence condition in 4 hour MACD, and rising wedge like structure since 1.1709. On the downside, decisive break of 1.1597 support will a strong sign of trend reversal and should turn outlook bearish for 38.2% retracement of 1.0629 to 1.1736 at 1.1313.

In the bigger picture, while a medium term top could be around the corner, there is no change in the larger outlook. That is, long term rise from SNB spike low back in 2015 is still in progress and would extend. As long as 1.1198 resistance turned support holds, we’ll hold on to this bullish view and expect another to prior SNB imposed floor at 1.2000. Though, we’ll reassess the outlook if 1.1198 is firmly taken out.

Daily Pivots: (S1) 1.1400; (P) 1.1429; (R1) 1.1448; More…

With 1.1511 minor resistance intact, deeper fall is expected in EUR/CHF. Correction from 1.1622 short term top would extend through 1.1355 support. Strong support is expected from 1.1257 (38.2% retracement of 1.0652 to 1.1622 at 1.1251) to bring rebound. On the upside, break of 1.1511 minor resistance will suggest that the pull back is completed and bring retest of 1.1622.

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 1.1198 resistance turned support holds.

Daily Pivots: (S1) 1.1510; (P) 1.1533; (R1) 1.1556; More… .

EUR/CHF’s rally is still in progress and reaches as high as 1.1585 so far. Intraday bias remains on the upside for 61.8% projection of 1.0830 to 1.1537 from 1.1355 at 1.1792 next. On the downside, below 1.1511 minor support will turn intraday bias neutral and bring consolidations first.

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 1.1087 resistance turned support holds.

Daily Pivots: (S1) 1.0298; (P) 1.0340; (R1) 1.0402; More….

EUR/CHF recovers after diving to 1.0277. But still, with 1.0459 resistance intact, further decline is expected. The down larger down trend from 1.1149 should be resuming. Sustained trading below 1.0298 will target 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. However, strong break of 1.0459 will bring further rebound to 1.0610 resistance instead.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. Sustained break there will target 100% projection at 0.9650. In any case, break of 1.0610 resistance is needed to be the first sign of bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.0739; (P) 1.0752; (R1) 1.0775; More…

EUR/CHF recovers ahead of 1.0721 support but stays well below 1.0877 resistance. Intraday bias remains neutral first. On the upside, break of 1.0877 will resume the rise from 1.0602 and target a test on 1.0915 high next. On the downside, however, break of 1.0721 support will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for retesting this support.

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 continued to engage in sideway trading last week. The corrective price actions and it’s stay below falling 55 days EMA affirmed near term bearishness. Break of 1.0677 will extend recent decline to 1.0620 key support level. On the upside, above 1.0762 will turn focus back to 1.0897 resistance. But decisive break there is needed to confirm trend reversal. Otherwise, outlook will stay bearish for another fall later.

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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Daily Pivots: (S1) 1.0845; (P) 1.0853; (R1) 1.0867; More…

No change in EUR/CHF’s outlook. The corrective pull back from 1.0986 extend lower. But we’d expect strong support from 1.0791/0872 support zone, probably around 55 day EMA (now at 1.0832) to complete the correction from 1.0986. Break of 1.0902 minor resistance will turn bias back to the upside for 1.0986/0999. Overall, rise from 1.0629 is expected to resume later.

In the bigger picture, the price actions from 1.1198 are seen as a corrective move. Such correction could have completed after defending 38.2% retracement of 0.9771 to 1.1198 at 1.0653. Decisive break of 1.0999 resistance will target a test on 1.1198 high. For now, this will be the preferred case as long as 1.0791 support holds.

Daily Pivots: (S1) 0.9616; (P) 0.9627; (R1) 0.9640; More…

Intraday bias in EUR/CHF remains neutral first. On the upside, break of 0.9647 will resume the rebound form 0.9520. Further sustained break of 0.9670 will be the first sign of bullish reversal and target 0.9840 resistance for confirmation. On the downside, break of 0.9520 will resume the whole fall from 1.0095 towards 0.9407 low.

In the bigger picture, medium term outlook is staying bearish as the pair is capped well below falling 55 W EMA (now at 0.9860). 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 0.9840 resistance holds, in case of strong rebound.

Daily Pivots: (S1) 0.9868; (P) 0.9878; (R1) 0.9889; More….

Intraday bias in EUR/CHF remains neutral for the moment. Strong support is still expected from 38.2% retracement of 0.9407 to 1.0095 at 0.9832 to complete the corrective pattern from 1.0095. On the upside, firm break of 0.9905 resistance will confirm short term bottoming, and turn bias back to the upside for 1.0067/95 resistance zone.

In the bigger picture, the rejection by 55 week EMA (now at 1.0025) mixed up the outlook. On the upside, sustained trading above 55 week EMA will raise the chance of bullish trend reversal. Rise from 0.9407 should then target 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.

Daily Pivots: (S1) 0.9602; (P) 0.9634; (R1) 0.9688; More….

Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish as long as 0.9864 resistance holds. On the downside, break of 0.9530 will extend larger down trend to 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. On the upside, break of 0.9864 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 1.1286; (P) 1.1320; (R1) 1.1343; More…

Outlook in EUR/CHF remains unchanged for the moment. The choppy decline from 1.1501 is seen as a corrective move. Hence, we’d expect strong support from 61.8% retracement of 1.1173 to 1.1501 at 1.1298 to contain downside and bring rebound. On the upside, break of 1.1356 minor resistance will turn bias back to the upside for 1.1433 resistance first. However, sustained break of 1.1298 will turn focus back to 1.1173 low.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1240) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.