EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0903; (P) 1.0929; (R1) 1.0960; More…..

Intraday bias in EUR/CHF remains neutral for consolidation above 1.0863 temporary low. In case of stronger recovery, upside should be limited below 1.1062 resistance to bring fall resumption. On the downside, break of 1.0863 will target 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0867; (P) 1.0901; (R1) 1.0939; More…..

A temporary low is formed at 1.0863 with today’s recovery. Intraday bias is turned neutral for some consolidations. Upside of recovery should be limited below 1.1062 resistance to bring fall resumption. On the downside, break of 1.0863 will target 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0885; (P) 1.0933; (R1) 1.0958; More…..

EUR/CHF’s decline continues today and reaches as low as 1.0880 so far. Intraday bias remains on the downside at this point. Current fall from 1.1476 is part of the whole decline from 1.2004. Next target is 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. On the upside, above 1.0929 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.1062 resistance to bring fall resumption.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

EUR/CHF Weekly Outlook

EUR/CHF’s down trend resumption last week and dropped to as low as 1.0906. Initial bias remains on the downside this week. Current fall from 1.1476 is part of the whole decline from 1.2004. Next target is 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. On the upside, break of 1.1062 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF should target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0959; (P) 1.0989; (R1) 1.1009; More…..

Break of 1.0962 indicates resumption of recent decline in EUR/CHF. Intraday bias is back on the downside. Current fall from 1.1476 is part of the down trend from 1.2004. Next target is 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645. On the upside, break of 1.1062 resistance is needed to indicate short term bottoming. Otherwise, outlook will remain bearish in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0989; (P) 1.1026; (R1) 1.1048; More…..

EUR/CHF failed to sustain above 4 hour 55 EMA and weakened, but stays above 1.0962 support. Intraday bias remains neutral at this point. Consolidation might extend with another rise. But upside should be limited limited by 1.1172 resistance to bring down trend resumption. On the downside, sustained break of 1.0962 will extend the fall from 1.2004 to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1033; (P) 1.1044; (R1) 1.1060; More…..

EUR/CHF is staying in consolidation above 1.0962 and intraday bias remains neutral for the moment. Stronger rise cannot be ruled out. But upside should be limited limited by 1.1172 resistance to bring down trend resumption. On the downside, sustained break of 1.0962 will extend the fall from 1.2004 to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1029; (P) 1.1048; (R1) 1.1070; More…..

No change in EUR/CHF’s outlook. Recovery from 1.0962 short term bottom could extend higher. But upside should be limited limited by 1.1172 resistance to bring down trend resumption. On the downside, sustained break of 1.0962 will extend the fall from 1.2004 to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1041; (P) 1.1052; (R1) 1.1066; More…..

EUR/CHF’s recovery from 1.0962 short term bottom could extend higher. But upside should be limited limited by 1.1172 resistance to bring down trend resumption. On the downside, sustained break of 1.0962 will extend the fall from 1.2004 to 100% projection of 1.2004 to 1.1173 from 1.1476 at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Weekly Outlook

EUR/CHF formed a short term bottom at 1.0962 last week, after hitting 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. Initial bias remains neutral this week for more consolidations first. In case of stronger recovery, upside should be limited by 1.1172 resistance to bring down trend resumption. On the downside, sustained break of 1.0962 will extend the fall from 1.2004 to 100% projection at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0986; (P) 1.1021; (R1) 1.1079; More…

EUR/CHF formed short term bottom at 1.0962 after drawing support from 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. Bullish convergence condition is also seen in 4 hour MACD. Stronger recovery could be seen to 55 day EMA (now at 1.1146). But strong resistance should be seen at 1.1172 to limit upside to bring fall resumption. On the downside, break of 1.0962 will target 100% projection at 1.0645 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0959; (P) 1.0982; (R1) 1.0994; More…

Intraday bias in EUR/CHF remains on the downside as recent decline continues. Firm break of 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 will pave the way to 100% projection at 1.0645 next. On the upside, above 1.1005 minor resistance will turn intraday bias neutral and bring consolidation. But outlook will stay bearish as long as 1.1154 resistance holds, in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0966; (P) 1.0993; (R1) 1.1015; More…

EUR/CHF’s decline is still in progress and intraday bias remains on the downside for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. Sustained break there will pave the way to 100% projection at 1.0645 next. On the upside, above 1.1035 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long as 1.1154 resistance holds, in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0991; (P) 1.1016; (R1) 1.1032; More…

Intraday bias in EUR/CHF remains on the downside at this point. Current fall is part of the down trend form 1.2004. Further decline should be seen to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. On the upside, break of 1.1154 resistance is needed to signal short term bottoming. Otherwise outlook will remain bearish in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.0992; (P) 1.1037; (R1) 1.1062; More…

Intraday bias in EUR/CHF remains on the downside at this point. Current fall is part of the down trend form 1.2004. Further decline should be seen to 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. On the upside, break of 1.1154 resistance is needed to signal short term bottoming. Otherwise outlook will remain bearish in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Weekly Outlook

EUR/CHF’s down trend resumed last week by braking 1.1056 to as low as 1.1012. Initial bias remains on the downside this week. next target is 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962. On the upside, break of 1.1154 resistance is needed to signal short term bottoming. Otherwise outlook will remain bearish in case of recovery.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1055; (P) 1.1073; (R1) 1.1085; More…

Intraday bias in EUR/CHF remains neutral as consolidation from 1.1056 is in progress. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1066; (P) 1.1088; (R1) 1.1107; More…

EUR/CHF is staying in range above 1.1056 and intraday bias remains neutral at this point. More sideway consolidation could be seen. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1056; (P) 1.1075; (R1) 1.1093; More…

EUR/CHF recovered ahead of 1.1056 support and intraday bias remains neutral. More consolidation could be seen. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1065; (P) 1.1084; (R1) 1.1102; More…

EUR/CHF is staying in consolidation from 1.1056 and intraday bias remains neutral first. More sideway trading could be seen. In case of another recovery, upside should be limited below 1.1264 resistance to bring fall resumption. On the downside, break of 1.1056 will extend the larger down trend for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, current development firstly suggests that down trend from 1.2004 is still in progress. More importantly, it’s likely a long term down trend itself, rather than a correction. Outlook will remain bearish as long as 1.1476 resistance holds. EUR/CHF could target 1.0629 support and below.