Daily Pivots: (S1) 1.0388; (P) 1.0416; (R1) 1.0442; More….

No change in EUR/CHF’s outlook as down trend from 1.1149 is in progress. Intraday bias stays on the downside for 161.8% projection of 1.1149 to 1.0694 from 1.0936 at 1.0200 next. On the upside, though, break of 1.0511 resistance will now indicate short term bottoming, and turn bias back to the upside for stronger rebound.

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 1.0694 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) 0.9589; (P) 0.9636; (R1) 0.9721; More….

Intraday bias in EUR/CHF stays neutral first with focus on 0.9712 resistance. Decisive break there will argue that fall from 0.9864 has completed totally at 0.9407, and bring stronger rally back to this résistance. Further break there will carry larger bullish implication. Nevertheless, break of 0.9548 minor support will retain near term bearishness, and bring retest of 0.9407 low first.

In the bigger picture, as long as 0.9864 resistance holds, long term down trend from 1.2004 (2008 high) is expected to continue. Next target is 138.2% projection of 1.2004 to 1.0505 to 1.1149 at 0.9033. However, firm break of 0.9864 will indicate medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0188).

Daily Pivots: (S1) 1.0722; (P) 1.0731; (R1) 1.0740; More….

EUR/CHF is losing some downside momentum as seen in 4 hour MACD, but there is no sign of bottoming yet. Intraday bias stays on the downside. Current decline from 1.1149 would target a retest on 1.0505 low. On the upside, 1.0802 support turned resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

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 1.1149 resistance holds. Break of 1.0505 low would be seen at a later stage.

Daily Pivots: (S1) 0.9554; (P) 0.9620; (R1) 0.9655; More….

EUR/CHF’s fall from 0.9864 resumed by breaking 0.9631 and intraday bias is back on the downside. Retest of 0.9550 low should be seen first. Decisive break there will resume larger down trend. Next target is 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, above 0.9744 minor resistance will extend the corrective pattern from 0.9550 with another rising leg.

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 0.9970 support turned 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) 1.0414; (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) 1.0727; (P) 1.0750; (R1) 1.0766; More…

EUR/CHF drops notably today but stays above 1.0721 support. Intraday bias remains neutral first. With 1.0721 support intact, further rise is expected. On the upside, break of 1.0877 resistance will extend the rebound from 1.0602 for retesting 1.0915 high. On the downside, however, firm break of 1.0721 will argue that the rebound from 1.0602 has completed. Intraday bias will be turned back to the downside for 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.

Daily Pivots: (S1) 0.9603; (P) 0.9637; (R1) 0.9660; More….

Intraday bias in EUR/CHF remains neutral at this point. In case of another recovery, upside should be limited well below 0.9948 resistance to bring another fall. On the downside, break of 0.9602 will resume larger down trend to 100% projection of 1.1149 to 0.9970 from 1.0513 at 0.9334.

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 0.9970 support turned 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) 1.0746; (P) 1.0758; (R1) 1.0777; More….

EUR/CHF is losing some downside momentum as seen in hour MACD. But further decline is expected as long as 1.0811 support turned resistance holds. Fall from 1.0936 should target 1.0694 low. Firm break there will resume whole decline from 1.1149. ON the upside, however, sustained break of 1.0811 will turn bias back to the upside for stronger rebound.

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.

Daily Pivots: (S1) 1.0237; (P) 1.0264; (R1) 1.0301; More….

EUR/CHF’s break of 1.0289 minor resistance suggests that pull back from 1.0369 has completed. Intraday bias is back on the upside for 1.0369/0400 resistance zone. Firm break there will resume the rebound from 0.9970 to 1.0610 structural resistance. On the downside,e below 1.0186 will extend the corrective pattern from 1.0400 with deeper fall back to 1.0086 support.

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.

Daily Pivots: (S1) 1.0674; (P) 1.0685; (R1) 1.0703; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0635 temporary low. Near term outlook, though, remains bearish as long as 1.0749 resistance remains intact. Below 1.0635 will target 1.0620 support. Decisive break there will confirm resumption of whole fall from 1.1198. In that case, next downside target will be 1.0485 fibonacci level.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. On the upside, break of 1.0897 resistance is needed to confirm completion of such fall. Otherwise, outlook will stay bearish.

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Daily Pivots: (S1) 1.0633; (P) 1.0654; (R1) 1.0664; More…

EUR/CHF is staying in tight range of 1.0631/0706 and intraday bias remains neutral first. With 1.0706 resistance intact, outlook stays mildly bearish. Break of 1.0620 key support level will extend the larger decline from 1.1198 to 1.0485 fibonacci level. However, considering bullish convergence condition in 4 hour MACD, break of 1.0706 minor resistance will raise the chance of medium term reversal. In that case, focus will be turned back to 1.0749 and then 1.0897 key resistance.

In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is still in progress. Sustained trading below 38.2% retracement of 0.9771 to 1.1198 at 1.0653 will target 50% retracement at 1.0485. On the upside, break of 1.0897 resistance is needed to confirm completion of such fall. Otherwise, outlook will stay bearish.

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Daily Pivots: (S1) 1.1016; (P) 1.1044; (R1) 1.1076; More…

With 1.0983 support intact, further rally is still expected in EUR/CHF. Current rise from 1.0629 should target 1.1127/98 resistance zone. However, break of 1.0983 will indicate short term topping and turn bias back to the downside for 55 day EMA (now at 1.0899).

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 1.1198 will resume the long term rise from SNB spike low back in 2015. In such case, EUR/CHF could eventually head back to prior SNB imposed floor at 1.2000. However, rejection from 1.1198 will extend the multi-year range trading with another fall.

Daily Pivots: (S1) 1.1547; (P) 1.1583; (R1) 1.1630; More….

EUR/CHF’s rebound from 1.1366 resumed by taking out 1.1639 minor resistance. Intraday bias is back on the upside for 61.8% retracement of 1.2004 to 1.1366 at 1.1760. But after all, the corrective pattern from 1.2004 is expected to extend with at least one more falling leg. Hence, we’ll look for reversal signal again above 1.1760. On the downside, break of 1.1505 will suggest that the rebound is completed. And intraday bias will be turned back to the downside for retesting 1.1366.

In the bigger picture, current development suggests solid rejection by prior SNB imposed floor at 1.2000. Considering bearish divergence condition in daily and weekly MACD, 1.2004 should be a medium term top. And price action from 1.2004 is correcting the up trend from 1.0629. Such correction is expected to extend for a while and therefore, we’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen at 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.

Daily Pivots: (S1) 0.9763; (P) 0.9778; (R1) 0.9808; More…

Intraday bias in EUR/CHF remains on the upside for retesting 0.9847 resistance. Decisive break there will resume larger rally from 0.9252 high. On the downside, below 0.9708 minor support will turn intraday bias neutral again first.

In the bigger picture, while 55 D EMA (now at 0.9655) was breached, EUR/CHF rebounded strongly since then. Rise from 0.9252 medium term bottom should still be in progress. Break of 0.9847 will target 38.2% retracement of 1.2004 (2018 high) to 0.9252 (2023 low) at 1.0303, even as a correction to the down trend from 1.2004. however, sustained trading below 55 D EMA will argue that the rebound has completed.

Daily Pivots: (S1) 0.9901; (P) 0.9966; (R1) 1.0008; More….

Intraday bias in EUR/CHF remains on the downside at this point. Current down trend should target 0.9650 long term projection level. On the upside, break of 1.0044 minor resistance will turn intraday bias neutral and bring consolidations, before staging another decline.

In the bigger picture, rejection by 55 week EMA affirmed medium term bearishness. Long term down trend from 1.2004 (2018 high) is expected target 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650. On the upside, break of 1.0513 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish in case of strong rebound.

Daily Pivots: (S1) 1.1014; (P) 1.1037; (R1) 1.1079; More….

EUR/CHF rebounded after hitting 1.0973, ahead of 1.0954 support. Upside is limited below 1.1116 resistance so far. Intraday bias stays neutral first as consolidation pattern from 1.1149 might still extend. But in case of another fall, we’d continue to expect strong support from 1.0954 to bring rebound, and then rally resumption. On the upside, break of 1.1116 will argue that larger rise from 1.0504 is ready to resume through 1.1149 high.

In the bigger picture, whole down trend from 1.2004 (2018 high) should have 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.

Daily Pivots: (S1) 1.0753; (P) 1.0796; (R1) 1.0839; More…

EUR/CHF failed to break through 1.0838 temporary top and retreated again. Intraday bias stays neutral for the moment. On the upside, break of 1.0838 will target 1.0915 high. Firm break there will resume whole rise from 1.0503 to 100% projection of 1.0503 to 1.0915 from 1.0602 at 1.1014 next. However, break of 1.0712 support will dampen this bullish view. Intraday bias will be turned back to the downside for 1.0602, to extend the corrective pattern from 1.0915 instead.

In the bigger picture, as long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, price actions from 1.0503 are seen as a consolidation pattern. That is, 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’s late break of 1.0650 support last week suggests resumption of decline from 1.0915. Initial bias remains is now on the downside this week for 61.8% projection of 1.0915 to 1.0650 from 1.0769 at 1.0605 first. Sustained break there will target 100% projection at 1.0504, which is close to 1.0503 low. On the upside, break of 1.0769 resistance is needed to confirm completion of the decline. Otherwise, near term outlook will remain mildly bearish in case of recovery.

In the bigger picture, as long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, price actions from 1.0503 are seen as a consolidation pattern. That is, down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1049/76 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) 1.0598; (P) 1.0623; (R1) 1.0635; More…

EUR/CHF gyrated lower with weak downside momentum and outlook is unchanged. With 1.0698 resistance intact, further decline is still expected. Fall from 1.0915 should target a test on 1.0503 low. On the upside, however, firm break of .0698 resistance will indicate short term bottoming. Intraday bias will be turned back to the upside for stronger rebound.

In the bigger picture, as long as 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076) holds, price actions from 1.0503 are seen as a consolidation pattern. That is, down trend from 1.2004 (2018 high) would still extend through 1.0503 low at a later stage. However, sustained break of 1.1049/76 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) 1.0677; (P) 1.0700; (R1) 1.0719; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0665 temporary low is extending. Outlook is unchanged that larger down trend could extend lower. But we’d expect strong support from between 1.0665 and 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648 to contain downside. Break of 1.0788 will indicate short term bottoming on bullish convergence condition in 4 hour MACD. Intraday bias will be turned to the upside for stronger rebound.

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 sustained break will put parity back into focus. On the upside, break of 1.1059 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish in case of rebound.