Daily Pivots: (S1) 1.0650; (P) 1.0673; (R1) 1.0716; More…

EUR/CHF is holding below 1.0711 resistance and intraday bias remains neutral first. Further decline remains in favor. On the downside, break of 1.0623 will resume the decline from 1.0915 to retest 1.0503 low. Nevertheless, firm break of 1.0711 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) 1.0629; (P) 1.0637; (R1) 1.0646; More…

Intraday bias in EUR/CHF is turned neutral with today’s recovery. But further fall is expected as long as 1.0711 resistance holds. On the downside, break of 1.0623 will resume the decline from 1.0915 to retest 1.0503 low. Nevertheless, firm break of 1.0711 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.

EUR/CHF recovered in the middle of last week but the decline from 1.0915 quickly resumed. Initial bias stays on the downside this week. With 55 day EMA taken out again, deeper fall should be seen to retest 1.0503 low. On the upside, break of 1.0711 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain cautiously 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) 1.0624; (P) 1.0651; (R1) 1.0665; More…

EUR/CHF’s break of 1.0635 suggests resumption of whole decline from 1.0915. Intraday bias is back on the downside for retesting 1.0503 low. On the upside, break of 1.0711 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain cautiously 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) 1.0653; (P) 1.0673; (R1) 1.0685; More…

EUR/CHF is staying in consolidation above 1.0635 temporary low and intraday bias remains neutral. Further decline is expected as long as 1.0769 resistance holds. On the downside, break of 1.0635 will extend the fall from 1.0915 towards 1.0503 low. Nevertheless, firm break of 1.0769 will turn bias back to the upside for 1.0915 resistance.

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) 1.0658; (P) 1.0685; (R1) 1.0710; More…

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0635 temporary low. Further decline is still expected as long as 1.0769 resistance holds. Break of 1.0635 will extend the fall from 1.0915 to 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.

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) 1.0650; (P) 1.0662; (R1) 1.0686; More…

A temporary low is formed at 1.0635 in EUR/CHF and intraday bias is turned neutral for consolidations first. Further decline is still expected as long as 1.0769 resistance holds. Break of 1.0635 will extend the fall from 1.0915 to 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.

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) 1.0629; (P) 1.0653; (R1) 1.0671; More…

Intraday bias in EUR/CHF remains on the downside at this point. Current fall form 1.0915 should target 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.

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) 1.0647; (P) 1.0668; (R1) 1.0684; More…

Intraday bias in EUR/CHF remains neutral and consolidation from 1.0650 might extend. But further decline is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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) 1.0642; (P) 1.0683; (R1) 1.0705; More…

EUR/CHF is staying in consolidation above 1.0650 temporary low and intraday bias remains neutral. Further decline is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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) 1.0674; (P) 1.0721; (R1) 1.0759; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.0650 temporary low is extending. Further decline is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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) 1.0697; (P) 1.0722; (R1) 1.0770; More…

EUR/CHF is staying in consolidation from 1.0650 temporary low and intraday bias remains neutral. Further decline is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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) 1.0673; (P) 1.0700; (R1) 1.0748; More…

Intraday bias in EUR/CHF remains neural for consolidation above 1.0650 temporary low. Further decline is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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.

EUR/CHF’s sharp decline last week argues that rebound from 1.0503 has completed earlier than expected at 1.0915. As temporary low was formed at 1.0650, initial bias is neutral this week first. Further fall is expected as long as 1.0799 minor resistance holds. Below 1.0650 will target a test on 1.0503 low. Nevertheless, break of 1.0799 will turn bias back to the upside for retesting 1.0915 resistance.

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) 1.0635; (P) 1.0691; (R1) 1.0727; More…

Intraday bias in EUR/CHF remains on the downside at this point. Rebound from 1.0503 has completed earlier than expected at 1.0915. Deeper fall would be seen to 55 day EMA (now at 1.0640). Sustained break there will bring retest of 1.0503 low. On the upside, though, above 1.0746 minor resistance will turn bias to the upside for retesting 1.0915 instead.

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.

Daily Pivots: (S1) 1.0710; (P) 1.0751; (R1) 1.0775; More…

EUR/CHF’s break of 1.0744 minor support suggests that rebound from 1.0503 has completed earlier than expected at 1.0915. Intraday bias is now back on the downside for 55 day EMA (now at 1.0640). Sustained break there will bring retest of 1.0503 low. On the upside, though, above 1.0799 minor resistance will turn bias to the upside for retesting 1.0915 instead.

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.

Daily Pivots: (S1) 1.0740; (P) 1.0785; (R1) 1.0823; More…

Intraday bias in EUR/CHF remains neutral with focus on 1.0744 minor support. As long as this support holds, further rise remains in favor. On the upside, break of 1.0915 will extend the rally from 1.0503 to 1.1059/76 cluster resistance zone next. However, firm break of 1.0744 will indicate short term topping and bring deeper decline back to 55 day EMA (now at 1.0638).

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.

Daily Pivots: (S1) 1.0781; (P) 1.0835; (R1) 1.0869; More…

EUR/CHF’s fall from 1.0915 extends today but stays above 1.0744 minor support. Intraday bias remains neutral first and another rise is still in favor after consolidations. On the upside, break of 1.0915 will extend the rally from 1.0503 to 1.1059/76 cluster resistance zone next. However, firm break of 1.0744 will indicate short term topping and bring deeper decline back to 55 day EMA (now at 1.0629).

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.

Daily Pivots: (S1) 1.0819; (P) 1.0867; (R1) 1.0910; More…

Intraday bias in EUR/CHF remains on the upside for the moment. Current rise from 1.0503 should target 1.1059/76 cluster resistance zone next. On the downside, break of 1.0744 support is needed to indicate short term topping. Otherwise, outlook will now remain bullish in case of retreat.

In the bigger picture, the strong break of 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Rise from 1.0503 could either be correcting the down trend from 1.2004. Or it could be starting a new up trend. Focus is now on 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076). Decisive break there will pave the way to 61.8% retracement at 1.1431 and above. Though, rejection by 1.1059/76 will revive medium term bearishness.