Daily Pivots: (S1) 1.1116; (P) 1.1160; (R1) 1.1202; More….

EUR/CHF formed a temporary low after dropping to 1.1119. Intraday bias is turned neutral for some consolidations. Upside should be limited by 1.1278 resistance to bring another fall. On the downside, break of 1.1119 will extend whole decline from 1.2004 and target 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

Daily Pivots: (S1) 1.1159; (P) 1.1192; (R1) 1.1242; More….

EUR/CHF drops sharply to as low as 1.1119 so far today after breaking 1.1162 support firmly. Current development confirms resumption of whole decline from 1.2004. Intraday bias is now on the downside for 61.8% projection of 1.2004 to 1.1173 from 1.1476 at 1.0962 next. On the upside, break of 1.1278 resistance is needed to confirm short term bottoming. Otherwise, outlook will stays bearish in case of recovery.

In the bigger picture, focus will stay on 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Sustained break of 1.1154 will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next. This will now remain the favored case as long as 1.1476 resistance holds even in case of rebound.

EUR/CHF’s decline extended to as low as 1.1171 last week and it’s now at a critical juncture. We’d still look for strong support from 1.1162 to contain downside to bring near term reversal. On the upside, break of 1.1278 resistance will suggests that fall from 1.1476 has completed and turn near term outlook bullish. However, sustained break of 1.1162 could carry larger bearish implication.

In the bigger picture, at this point, we’re seeing fall from 1.2004 as a corrective pattern. And downside should be contained by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. However, sustained break of 1.1154 will confirm resumption of decline from 1.2004. More importantly, this will argue that fall from 1.2004 is itself a long term down trend. Next target will be 1.0629 support next.

Daily Pivots: (S1) 1.1202; (P) 1.1227; (R1) 1.1242; More….

EUR/CHF’s fall from 1.1476 resumes by breaking 1.1195 and intraday bias is back on the downside. For now, we’d still expect strong support above 1.1162 to bring rebound. Break of 1.1278 resistance will indicate near term reversal and turn bias back to the upside. However, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1203; (P) 1.1229; (R1) 1.1249; More….

Intraday bias in EUR/CHF remains neutral for the moment. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1221; (P) 1.1251; (R1) 1.1276; More….

EUR/CHF failed to break through 1.1292 resistance and drops sharply today. But it’s staying above 1.1195 temporary low. Intraday bias remains neutral first. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1219; (P) 1.1241; (R1) 1.1260; More…

Intraday bias in EUR/CHF remains neutral for the moment and outlook is unchanged. In case of another fall through 1.1195, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

Daily Pivots: (S1) 1.1202; (P) 1.1218; (R1) 1.1241; More…

Intraday bias in EUR/CHF is turned neutral with today’s strong recovery. In case of another fall, we’d still expect strong support above 1.1162 to bring rebound. Considering bullish convergence condition in 4 hour MACD, break of 1.1292 resistance should confirm short term bottoming. Further rise should then be seen back to retest 1.1476 resistance. Nevertheless, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

EUR/CHF’s fall from 1.1476 extended to as low as 1.1195 last week. There is no sign of bottoming yet and further decline is in favor this week towards 1.1162 key support. For now, we’d still expect strong support above 1.1162 to bring rebound. On the upside, break of 1.1292 minor resistance will turn bias back to the upside. However, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, sustained break of 1.1154 will confirm resumption of decline from 1.2004 and target 1.0629 support next.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term. However, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 will argue that the long term trend has reversed. In this case, deeper decline could be seen back to 1.0629 support and below.

Daily Pivots: (S1) 1.1195; (P) 1.1231; (R1) 1.1258; More…

EUR/CHF’s decline from 1.1476 extends to as low as 1.1206 so far. Intraday bias stays on the downside or 1.1162 low. At this point, we’d still expect strong support above there to bring rebound. On the upside, break of 1.1317 minor resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1476 resistance. However, sustained break of 1.1162 could carry larger bearish implication and turn outlook bearish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1238; (P) 1.1266; (R1) 1.1287; More…

EUR/CHF’s fall from 1.1476 is still in progress and could extend towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1317 minor resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1263; (P) 1.1278; (R1) 1.1300; More…

With 1.1317 minor resistance intact, further decline is expected in EUR/CHF towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1317 minor resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1247; (P) 1.1271; (R1) 1.1284; More…

EUR/CHF breached 1.1264 as fall from 1.1476 resumed. Intraday bias is mildly on the downside towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1317 minor resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1267; (P) 1.1283; (R1) 1.1298; More…

EUR/CHF is staying in consolidation above 1.1264 temporary low and intraday bias remains neutral first. On the downside, below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 key support. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 resistance will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

EUR/CHF’s sharp decline last week indicate that rise from 1.1162 has completed at 1.1476, just ahead of 38.2% retracement of 1.2004 to 1.1162 at 1.1484. As a temporary low was formed at 1.1264, initial bias is neutral this week first. On the downside, break of 1.1264 will extend the decline from 1.1476 towards 1.1162 key support. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed at 1.1162 after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

In the long term picture, current development suggests that medium term fall from 1.2004 is merely a corrective move. That is, up trend from 0.9771 is not completed yet. Nevertheless, there is little prospect of up trend resumption yet. More range trading should be seen in medium term. However, firm break of 61.8% retracement of 1.0629 to 1.2004 at 1.1154 will argue that the long term trend has reversed. In this case, deeper decline could be seen back to 1.0629 support and below.

Daily Pivots: (S1) 1.1271; (P) 1.1295; (R1) 1.1309; More…

Intraday bias in EUR/CHF remains neutral for the moment. More consolidation could be seen above 1.1264 temporary low first. Still, further decline is expected as long as 1.1350 support tuned resistance holds. On the downside below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1271; (P) 1.1293; (R1) 1.1322; More…

A temporary low is in place at 1.1264 in EUR/CHF and intraday bias is turned neutral first. Some consolidation could be seen but further decline is expected as long as 1.1350 support tuned resistance holds. On the downside below 1.1264 will extend the corrective fall from 1.1476 towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1283; (P) 1.1307; (R1) 1.1324; More…

Intraday bias in EUR/CHF remains on the downside for the moment. Corrective fall from 1.1476 is in progress towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggest that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1269; (P) 1.1320; (R1) 1.1347; More…

As long s 1.1350 support turned resistance holds, corrective fall from 1.1476 could still extend lower towards 1.1162 low. We’d expect strong support above there to bring rebound. On the upside, break of 1.1350 will suggests that the pull back has completed. Intraday bias will be turned back to the upside for 38.2% retracement of 1.2004 to 1.1162 at 1.1484 again.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.

Daily Pivots: (S1) 1.1345; (P) 1.1378; (R1) 1.1396; More…

EUR/CHF’s fall from 1.1476 extends lower today and reaches as low as 1.1339 so far. Break of 55 day EMA now argues that rebound from 1.1162 has completed at 1.1476 already, just ahead of 38.2% retracement of 1.2004 to 1.1162 at 1.1484. Intraday bias is back on the downside for retesting 1.1162 low. On the upside, sustained break of 38.2% retracement of 1.2004 to 1.1162 at 1.1484 will confirm completion of corrective fall from 1.2004 and turn outlook bullish.

In the bigger picture, at this point, we’re slightly favoring the case that corrective fall from 1.2004 has completed after being supported by 61.8% retracement of 1.0629 to 1.2004 at 1.1154. Decisive break of 1.1501 resistance should confirm and target 1.1713 resistance next. On the downside, firm break of 1.1154 is needed to confirm down trend resumption. Otherwise, medium term outlook will be neutral at worst.