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.

EUR/CHF surged to as high as 1.0915 last week and took out 1.0811 key resistance decisively. Intraday bias remains on the upside this week for 1.105976 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.

Daily Pivots: (S1) 1.0763; (P) 1.0812; (R1) 1.0880; More…

EUR/CHF’s rally resumed quickly after brief retreat and hits as high as 1.0860 so far today. Intraday bias is back on the upside. The firm break of 1.0811 key resistance carry larger bullish implications. Further rise should be seen to 1.1059 cluster resistance next. On the downside, break of 1.0744 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat.

In the bigger picture, the strong break of both 1.0811 key support turned resistance suggests that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Further rally should now be seen to 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076 next). Reaction from there should reveal whether current rise from 1.0503 is merely a correction, or reversing the down trend.

Daily Pivots: (S1) 1.0755; (P) 1.0787; (R1) 1.0829; More…

EUR/CHF formed at 1.0819 temporary top after breaching 1.0811 key resistance and intraday bias is turned neutral first. Some consolidations could be seen but further rise is in favor as long as 1.0685 support holds. On the upside, sustained break of 1.0811 will carry larger bullish implications. Next target will be 1.1059 key cluster resistance.

In the bigger picture, focus is now on 1.0811 key support turned resistance. Decisive break there will argue that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Further rally would be seen to 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076 next). Nevertheless, rejection by 1.0811 will retain medium term bearishness for another low below 1.0503 at a later stage.

Daily Pivots: (S1) 1.0702; (P) 1.0733; (R1) 1.0781; More…

EUR/CHF’s rally continues to accelerate today and his as high as 1.0798 so far. Intraday bias stays on the upside for 1.0811 support turned resistance next. Firm break there will carry larger bullish implication. Next target will be 1.1059 key cluster resistance. On the downside, below 1.0744 minor support will turn intraday bias neutral and bring consolidations first.

In the bigger picture, focus is now on 1.0811 key support turned resistance. Decisive break there will argue that whole down trend from 1.2004 (2018 high) has completed at 1.0503. Further rally would be seen to 1.1059 cluster resistance (38.2% retracement of 1.2004 to 1.0503 at 1.1076 next). Nevertheless, rejection by 1.0811 will retain medium term bearishness for another low below 1.0503 at a later stage.

Daily Pivots: (S1) 1.0676; (P) 1.0693; (R1) 1.0717; More…

EUR/CHF’s rally resumed by taking out 1.0725 and hits as high as 1.0763 so far. Intraday bias is back on the upside for 1.0811 support turned resistance next. On the downside, break of 1.0661 support is needed to indicate short term topping. Otherwise, outlook will remain cautiously bullish in case of retreat.

In the bigger picture, the down trend from 1.2004 (2018 high) remains intact despite the current rebound. As long as 1.0811 support turned resistance holds, outlook stays bearish for another decline through 1.0503 low. However, firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0676; (P) 1.0693; (R1) 1.0717; More…

EUR/CHF is staying in consolidation below 1.0725 temporary top and intraday bias stays neutral first. On the upside, sustained break of 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715) will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, the down trend from 1.2004 (2018 high) remains intact despite the current rebound. As long as 1.0811 support turned resistance holds, outlook stays bearish for another decline through 1.0503 low. However, firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0650; (P) 1.0688; (R1) 1.0715; More…

Intraday bias in EUR/CHF remains neutral for consolidation below 1.0725 temporary top first. On the upside, sustained break of 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715) will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, the down trend from 1.2004 (2018 high) remains intact despite the current rebound. As long as 1.0811 support turned resistance holds, outlook stays bearish for another decline through 1.0503 low. However, firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

EUR/CHF surged to as high as 1.0725 last week but formed a temporary top there and retreated. Initial bias is turned neutral this week first. On the upside, sustained break of 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715) will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, the down trend from 1.2004 (2018 high) remains intact despite the current rebound. As long as 1.0811 support turned resistance holds, outlook stays bearish for another decline through 1.0503 low. However, firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0657; (P) 1.0678; (R1) 1.0700; More…

Intraday bias in EUR/CHF remains on the upside at this point, for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Break will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0599; (P) 1.0648; (R1) 1.0708; More…

EUR/CHF’s rally is still in progress and intraday bias remains on the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Break will extend the rally to 1.0811 key resistance next. However, on the downside, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0581; (P) 1.0607; (R1) 1.0629; More…

EUR/CHF’s rise resumes today by taking out 1.0662 and hits as high as 1.0698 so far. Intraday bias is back on the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Firms break there will put 1.0811 key resistance in focus. On the downside, break of 1.0589 support is needed to indicate completion of the current rebound. Otherwise, further rally is in favor for the near term, in case of retreats.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0581; (P) 1.0607; (R1) 1.0629; More…

Intraday bias in EUR/CHF remains neutral and outlook is unchanged. Rebound from 1.0504 is extended to extend higher. Break of 1.0662 will target 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0577; (P) 1.0587; (R1) 1.0598; More…

EUR/CHF rebounds after drawing support from 4 hour 55 EMA, but stays below 1.0662 temporary top. Intraday bias remains neutral first and further rise is in favor. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0570; (P) 1.0601; (R1) 1.0621; More…

Intraday bias in EUR/CHF remains neutral at this point. Further rise remains in favor as long as 1.0578 minor support holds. On the upside, break of 1.0662 will resume the current rebound to 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

EUR/CHF’s strong rebound last week raised the chance of near term trend reversal. As a temporary top was formed at 1.0662, initial bias remains neutral first. On the upside, above 1.0662 will target 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Sustained break there will affirm the bullish case. However, break of 1.0578 minor support will bring retest of 1.0503 low instead.

In the bigger picture, as long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.

Daily Pivots: (S1) 1.0591; (P) 1.0621; (R1) 1.0657; More…

EUR/CHF is staying in range below 1.0662 temporary top and intraday bias remains neutral first. Further rise remains in favor as long as 1.0578 minor support holds. Above 1.0662 will turn bias back to the upside for 1.0710 cluster resistance (38.2% retracement of 1.1059 to 1.0503 at 1.0715). Considering bullish convergence condition in daily MACD, sustained break of 1.0710/5 will carry larger bullish implications and target 61.8% retracement at 1.0847 and above. However, break of 1.0578 minor support will turn focus back to 1.0503 low.

In the bigger picture, As long as 1.0811 support turned resistance holds, we’d still expect larger down trend from 1.2004 (2018 high) to extend lower to parity. However, Firm break of 1.0811 should confirm medium term bottoming at 1.0503. Stronger rise should be seen back to 1.1059 resistance and above.