EUR/CHF’s down trend accelerated to as low as 1.0016 last week, just ahead of parity. Initial bias stays on the downside this week for 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. There might be some support there, and break of 1.0157 minor resistance will turn intraday bias neutral first. But in any case, near term outlook will stay bearish as long as 1.0298 resistance turned support holds. Firm break of 0.9972 will target 161.8% projection at 0.9578.

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. Firm break there will target 100% projection at 0.9650. In any case, break of 1.0505 support turned resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

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 some sustained trading above the 55 month EMA (now at 1.0909).

Daily Pivots: (S1) 1.0125; (P) 1.0183; (R1) 1.0211; More….

EUR/CHF drops further to as low as 1.0115 so far and intraday bias remains on the downside. Current fall is part of the down trend from 1.1149, and should target 100% projection of 1.0936 to 1.0298 from 1.0610 at 0.9972. On the upside, break of 1.0251 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline.

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, break of 1.0610 resistance is needed to be the first sign of medium term bottoming. Otherwise, outlook will remain bearish.

Daily Pivots: (S1) 1.0178; (P) 1.0220; (R1) 1.0281; More….

Intraday bias remains on the downside at this point. Sustained break of 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216 will pave the way to 100% projection at 0.9972. On the upside, break of 1.0336 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Firm break of 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223 will pave the way to 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) 1.0182; (P) 1.0240; (R1) 1.0280; More….

EUR/CHF’s fall is still in progress and intraday bias stays on the downside. Sustained break of 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216 will pave the way to 100% projection at 0.9972. On the upside, break of 1.0336 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.

In the bigger picture, long term down trend from 1.2004 (2018 high) is still in progress. Firm break of 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223 will pave the way to 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) 1.0248; (P) 1.0314; (R1) 1.0352; More….

Intraday bias in EUR/CHF remains on the downside for 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. Firm break there will target 100% projection at 0.9972. On the upside, break of 1.0446 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay 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 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) 1.0248; (P) 1.0314; (R1) 1.0352; More….

EUR/CHF’s breach of 1.0277 suggests resumption of recent decline and intraday bias is back on the downside. Sustained trading below 1.0298 will extend larger down trend and target 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. On the upside, above 1.0366 minor resistance will delay the bearish case and turn intraday bias neutral first. But overall outlook will stay bearish as long as 1.0610 resistance holds.

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) 1.0360; (P) 1.0404; (R1) 1.0476; More….

Intraday bias in EUR/CHF remains neutral and further decline is expected with 1.0459 resistance intact. Sustained trading below 1.0298 will extend larger down trend and 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.

EUR/CHF dropped sharply to 1.0277 last week but recovered since then. Initial bias is neutral this week first. Further decline is still expected as long as 1.0459 minor resistance holds. Sustained trading below 1.0298 will extend larger down trend 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.

In the long term picture, prior rejection by 55 month EMA (now at 1.0947) maintains long term bearishness. Down trend from 1.2004 could still extend lower as long as 1.1149 resistance 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) 1.0351; (P) 1.0405; (R1) 1.0435; More….

EUR/CHF’s fall from 1.0610 resumes after brief recovery and hits as low as 1.0288 so far. The breach of 1.0298 low argues that larger down trend from 1.1149 is resuming too. Intraday bias is back on the downside. Sustained trading below 1.0298 will target 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. For now, risk will stay on the downside as long as 1.0459 resistance holds, in case of recovery.

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) 1.0364; (P) 1.0413; (R1) 1.0487; More….

EUR/CHF rebounded strongly after hitting 1.0336 and intraday bias is turned neutral first. Corrective pattern from 1.0298 might be extending with another leg. But even in case of stronger rise, up side should be limited by 38.2% retracement of 1.1149 to 1.0298 at 1.0623. On the downside, below 1.0336 will target 1.0298 low first. Firm break there will confirm larger down trend resumption.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0667) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0321; (P) 1.0394; (R1) 1.0432; More….

EUR/CHF’s fall from 1.0610 is still in progress and intraday bias stays on the downside for 1.0298 low. Decisive break there will confirm larger down trend resumption. Next target is 61.8% projection of 1.0936 to 1.0298 from 1.0610 at 1.0216. On the upside, above 1.0435 minor resistance will delay the bearish case and turn intraday bias neutral first.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0667) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0411; (P) 1.0447; (R1) 1.0467; More….

Intraday bias in EUR/CHF remains mildly on the downside at this point. Rebound form 1.0298 could have completed at 1.0610 already, after rejection by 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Deeper fall would be seen for retesting 1.0298 low. On the upside, above 1.0480 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0667) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

EUR/CHF’s decline from 1.0610 extended lower last week and break of 1.0439 support argues that rebound from 1.0298 low has completed at 1.0610. The came after rejection by 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Initial bias is now on the downside this week fir retesting 1.0298 low. On the upside, above 1.0480 minor resistance will turn intraday bias neutral first.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0667) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

In the long term picture, prior rejection by 55 month EMA (now at 1.0947) maintains long term bearishness. Down trend from 1.2004 could still extend lower as long as 1.1149 resistance holds.

Daily Pivots: (S1) 1.0464; (P) 1.0507; (R1) 1.0531; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, firm break of 1.0439 should confirm rejection by 1.0623 fibonacci resistance, and bring retest of 1.0298 low. On the upside, sustained break of 38.2% retracement of 1.1149 to 1.0298 at 1.0623 will add to the case of bullish trend reversal.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0464; (P) 1.0507; (R1) 1.0531; More….

EUR/CHF’s recovery was very brief and range trading continues. Intraday bias remains neutral first. On the upside, sustained break of 38.2% retracement of 1.1149 to 1.0298 at 1.0623 will add to the case of bullish trend reversal. On the downside, however, firm break of 1.0439 should confirm rejection by 1.0623 fibonacci resistance, and bring retest of 1.0298 low instead.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0460; (P) 1.0496; (R1) 1.0545; More….

EUR/CHF recovered stronger after hitting 1.0349 support but stays below 1.0527 minor resistance. Intraday bias remains neutral first. On the upside, break of 1.0527 will bring retest of 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Sustained break there will add to the case of bullish trend reversal. On the downside,l however, firm break of 1.0439 should confirm rejection by 1.0623 fibonacci resistance, and bring retest of 1.0298 low instead.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0423; (P) 1.0469; (R1) 1.0499; More….

Immediate focus is now on 1.0439 support in EUR/CHF. Firm break there should confirm that rebound from 1.0298 has completed, ahead of 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Deeper fall will then be seen back to retest 1.0298 low. On the upside, break of 1.0527 minor resistance will clear near term downside risk and bring stronger rebound back to 1.0623 fibonacci resistance instead.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

Daily Pivots: (S1) 1.0455; (P) 1.0517; (R1) 1.0551; More….

Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.0439 support will argue that rebound from 1.0298 has completed, ahead of 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Deeper fall will then be seen back to retest 1.0298 low. On the upside, sustained break of 1.0623 will raise the chance of trend reversal and target 61.8% retracement at 1.0824 next.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

EUR/CHF edged higher to 1.0610 last week but the fall from there accelerated to close at 1.0487. Initial bias is neutral this week first. Break of 1.0439 support will argue that rebound from 1.0298 has completed, ahead of 38.2% retracement of 1.1149 to 1.0298 at 1.0623. Deeper fall will then be seen back to retest 1.0298 lower. On the upside, sustained break of 1.0623 will raise the chance of trend reversal and target 61.8% retracement at 1.0824 next.

In the bigger picture, a medium term bottom was formed at 1.0298 on bullish convergence condition in daily MACD. Rebound from there is still tentatively viewed part of a corrective pattern. That is, larger down trend from 1.2004 (2018) could still extend through 1.0298 to 61.8% projection of 1.2004 to 1.0505 to 1.1149 at 1.0223. However, sustained trading above 55 week EMA (now at 1.0673) will argue that the down trend is over, and bring stronger rise back to 1.1149 next.

In the long term picture, prior rejection by 55 month EMA (now at 1.0967) maintains long term bearishness. Down trend from 1.2004 could still extend lower as long as 1.1149 resistance holds.