Daily Pivots: (S1) 1.0841; (P) 1.0856; (R1) 1.0879; More….

EUR/CHF’s strong break of 1.0890 resistance argues that consolidation from 0.915 has completed at 1.0737. Larger rebound from 1.0503 is possibly resuming. Intraday bias stays on the upside. Firm break of 1.0915 will confirm and target 61.8% projection of 1.0503 to 1.0915 from 1.0737 at 1.0992. On the downside, below 1.0854 minor support will turn intraday bias neutral again for some more consolidations.

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) 0.9471; (P) 0.9548; (R1) 0.9588; More….

Intraday bias in EUR/CHF is turned neutral first as it rebounded strongly after dipping to 0.9464. On the upside, break of 0.94680 will bring stronger rise back to 0.9864 resistance. Decisive break there will indicate near term reversal. On the downside, below 0.9464 will resume larger down trend.

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) 0.9669; (P) 0.9693; (R1) 0.9708; More….

Intraday bias in EUR/CHF stays neutral first. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify the case of medium term bottoming at 0.9407, and target 38.2% retracement of 1.1149 to 0.9407 at 1.0072. On the downside, below 0.9641 minor support will turn bias back to the downside for retesting 0.9407 low instead.

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 confirm medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0152), even as a corrective rebound.

Daily Pivots: (S1) 0.9747; (P) 0.9763; (R1) 0.9786; More…

Intraday bias in EUR/CHF remains neutral for the moment. Outlook is unchanged that fall from 0.9835 is seen as the third leg of the corrective pattern from 0.9847. Risk will stay on the downside as 0.9835 resistance holds. Below 0.9278 will turn bias back to the downside for 0.9563 support.

In the bigger picture, as long as 0.9563 support holds, rise from 0.9252 medium term bottom is still in favor to continue. Break of 0.9847 resistance 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.

Daily Pivots: (S1) 0.9529; (P) 0.9545; (R1) 0.9574; More…

EUR/CHF’s rally re-accelerates today and breaks through 0.9575 fibonacci resistance. There is no sign of topping yet and intraday bias stays on the upside. Next target will be 161.8% projection of 0.9252 to 0.9471 from 0.9304 at 0.9658 next. For now, further rally is expected as long as 0.9510 support holds, in case of retreat.

In the bigger picture, price actions from 0.9252 are tentatively seen as a correction to the five-wave down trend from 1.0095 (2023 high). 38.2% retracement of 1.0095 to 0.9252 at 0.9574is already met. But overall medium term outlook will remain bearish as long as 0.9683 resistance holds.

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) 1.1940; (P) 1.1954; (R1) 1.1974; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.2004 is extending. As long as 1.1888 minor support holds, further rise is expected. On the upside side, decisive break of 1.2 will pave the way to 61.8% projection of 1.0629 to 1.1832 from 1.1445 at 1.2188. However, consider bearish divergence condition in 4 hour MACD, break of 1.1888 will indicate short term topping. In that case, deeper pull back would be seen back to 1.1445/1832 support zone.

In the bigger picture, long term up trend in EUR/CHF is still in progress. Prior SNB imposed floor at 1.2003 was already met but there is no sign of reversal yet. As long as 1.1445 support holds, we’d expect the up trend to extend to 2013 high at 1.2649 next.

Daily Pivots: (S1) 0.9650; (P) 0.9671; (R1) 0.9698; More…

Intraday bias in EUR/CHF stays neutral as consolidation from 0.9691 is still extending. Further rally is expected as long as 0.9617 support holds. Above 0.9691 will resume the rebound form 0.9513 to 38.2% retracement of 1.0095 to 0.9513 at 0.9735. However, firm break of 0.9617 will turn bias back to the downside for retesting 0.9513 low.

In the bigger picture, medium term outlook will stay bearish as long as the cross is capped well below falling 55 W EMA (now at 0.9804). That is, down trend from 1.2004 (2018 high) could still resume through 0.9407 (2022 low). However, sustained trading above the 55 W EMA will raise the chance that 0.9470 is already a long term bottom. Further rise would then be seen to 1.0095 resistance to indicate bullish trend reversal.

Daily Pivots: (S1) 0.9665; (P) 0.9674; (R1) 0.9690; More…

Intraday bias in EUR/CHF is back on the upside as rise from 0.9513 resumed after brief retreat. Further rally would be seen to 38.2% retracement of 1.0095 to 0.9513 at 0.9735. Sustained break there will target 61.8% retracement at 0.9873. On the downside, break of 0.9654 will turn intraday bias neutral again first.

In the bigger picture, medium term outlook will stay bearish as long as the cross is capped well below falling 55 W EMA (now at 0.9799). That is, down trend from 1.2004 (2018 high) could still resume through 0.9407 (2022 low). However, sustained trading above the 55 W EMA will raise the chance that 0.9470 is already a long term bottom. Further rise would then be seen to 1.0095 resistance to indicate bullish trend reversal.

Daily Pivots: (S1) 0.9429; (P) 0.9467; (R1) 0.9497; More…

Intraday bias in EUR/CHF stays on the downside for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9504 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first.

In the bigger picture, rejection by 0.9691 cluster resistance (38.2% retracement of 1.0095 to 0.9416 at 0.9675) maintains medium term bearishness in EUR/CHF. Firm break of 0.9047 support (2022 low) will resume long term down trend. Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. For now, outlook will be neutral at best as long as 0.9683 holds.

Daily Pivots: (S1) 1.0865; (P) 1.0891; (R1) 1.0921; More….

Intraday bias in EUR/CHF remains on the upside at this point. Consolidation from 1.0915 should have completed at 1.0747 already. Firm break of 1.0915 will confirm and target 61.8% projection of 1.0503 to 1.0915 from 1.0737 at 1.0992. On the downside, below 1.0854 minor support will turn intraday bias neutral again for some more consolidations.

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) 0.9798; (P) 0.9828; (R1) 0.9857; More…

Intraday bias in EUR/CHF remains on the downside for the moment. Fall from 0.9995 is possibly another leg of the whole corrective pattern from 1.0067. Deeper decline would be seen to 0.9074, and possibly below. On the upside, though, break of 0.9889 minor resistance will turn intraday bias back to the upside for stronger rebound.

In the bigger picture, prior rejection by 55 week EMA (now at 1.1002) and 38.2% retracement of 1.1149 to 0.9407 at 1.0072 suggests that medium term outlook is staying bearish. That is, 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) 0.9633; (P) 0.9679; (R1) 0.9703; More….

Intraday bias in EUR/CHF stays on the downside at this point. Firm break of 0.9650 long term projection level will target 100% projection of 1.1149 to 0.9970 from 1.0513 at 0.9334. Meanwhile, rebound from current level, followed by break of 0.9799 resistance should confirm short term bottoming.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Sustained break of 100% projection of 1.2004 to 1.0505 to 1.1149 at 0.9650 will target 138.2% projection at 0.9033 next. 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) 1.1341; (P) 1.1361; (R1) 1.1374; More…

Intraday bias in EUR/CHF remains neutral at this point. Further rise is still expected as long as 1.1310 holds. On the upside, break of 1.1444 will whole rally from 1.1181 for 1.1501 key resistance next. However, break of 1.1310 will turn bias to the downside for 1.1181 low again.

In the bigger picture, price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone to complete it and bring rebound. Decisive break of 1.1501 (38.2% retracement of 1.2004 to 1.1173 at 1.1490) will confirm completion of the correction, on bullish convergence condition in daily MACD. Further rise should be seen to 61.8% retracement at 1.1687 and above next.

Daily Pivots: (S1) 0.9435; (P) 0.9504; (R1) 0.9551; More…

EUR/CHF recovers notably today but outlook stays bearish with 0.9557 resistance intact. Current fall is part of the whole down trend from 1.0095. Next target is 0.9407 medium term bottom. Nevertheless, break of 0.9557 will indicate short term bottoming and bring stronger rebound.

In the bigger picture, medium term outlook remains bearish with the cross capped well below falling 55 W EMA (now at 0.9782). Firm break of 0.9407 (2022 low) will confirm resumption of larger down trend from 1.2004 (2018 high). Next target will be 61.8% projection of 1.1149 to 0.9407 from 1.0095 at 0.9018. On the upside, break of 0.9691 resistance is needed to indicate medium term bottoming. Otherwise, outlook will stay bearish.

EUR/CHF’s rebound from 0.9407 extended to 0.9798 last week, but lost momentum again. Initial bias remains neutral this week first. On the upside, above 0.9798 will resume the rebound to 0.9864 resistance. Firm break there will solidify the case of medium term bottoming at 0.9407, and target 38.2% retracement of 1.1149 to 0.9407 at 1.0072. On the downside, below 0.9641 minor support will turn bias back to the downside for retesting 0.9407 low instead.

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 confirm medium term bottoming, on bullish convergence condition in daily MACD. Stronger rally would then be seen back to 55 week EMA (now at 1.0152), even as a corrective rebound.

In the long term picture, capped below 55 month EMA, EUR/CHF is seen as extending the multi-decade down trend. There is no prospect of a bullish reversal until firm break of 1.0505 support turned resistance (2020 low).

Daily Pivots: (S1) 1.0258; (P) 1.0292; (R1) 1.0319; More….

Intraday bias in EUR/CHF remains neutral at this point. On the upside, break of 1.0400 would resume the rebound to 1.0610 key structural resistance. However, break of 1.0184 minor support will argue that the rebound is finished, ahead of 38.2% retracement of 1.1149 to 0.9970 at 1.0420. In this case, intraday bias will be turned back to the downside for retesting 0.9970 low.

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

Daily Pivots: (S1) 1.0675; (P) 1.0691; (R1) 1.0705; More…

Intraday bias in EUR/CHF remains neutral first. As long as 1.0788 resistance holds, larger down trend might extend lower. But strong support is expected at 1.0629, which is close to 61.8% projection of 1.1476 to 1.0811 from 1.1059 at 1.0648, to bring rebound. On the upside, break of 1.0788 will confirm short term bottoming, on bullish convergence condition in 4 hour MACD, and turn bias to the upside.

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.

Daily Pivots: (S1) 0.9465; (P) 0.9543; (R1) 0.9588; More….

EUR/CHF’s break of 0.9464 indicates down trend resumption. Intraday bias is back on the downside for 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. On the upside, break of 0.9712 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

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) 0.9564; (P) 0.9584; (R1) 0.9598; More…

Intraday bias in EUR/CHF stays neutral for the moment. On the downside, firm break of 0.9513 will resume larger down trend from 1.0095, towards 0.9407 low. Nevertheless, firm break of 0.9599 will bring stronger rise to 0.9646 resistance next.

In the bigger picture, medium term outlook is staying bearish as the pair is capped well below falling 55 W EMA (now at 0.9829). 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 0.9670 support turned resistance holds, in case of strong rebound.