EUR/CHF’s sharp decline last week and breach of 1.1242 low indicates resumption of larger down trend from 1.2004. Initial bias stays on the downside this week for key support zone at 1.1154/98. At this point, we’d still expect strong support from there to bring rebound. On the upside, above 1.1310 minor resistance will turn bias back to the upside for 1.1452 resistance. However, sustained break of 1.1154/98 will carry larger bearish implications.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by support zone of 1.1198 (2016 high) and 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend. In that case, 1.0629 key support will be back into focus.

Daily Pivots: (S1) 1.1284; (P) 1.1328; (R1) 1.1353; More…

EUR/CHF’s fall from 1.1452 continues today and reaches as low as 1.1269 so far. Intraday bias remains on the downside for 1.1242 low first. Break will bring a test on key support zone at 1.1154/98. On the upside, above 1.1343 minor resistance will turn intraday bias neutral first. In that case, more range trading would likely be seen above 1.1242 in the near term.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1327; (P) 1.1379; (R1) 1.1415; More…

EUR/CHF’s break of 1.1363 minor support suggests that rebound from 1.1242 has completed earlier than expected at 1.1452, ahead of 1.1489 support turned resistance. Intraday bias is turned back to the downside for retesting 1.1242 low first. Break will bring a test on key support zone at 1.1154/98. On the upside, though, above 1.1452 will resume the rebound from 1.1242. Further break of 1.1489 will add to the case of bullish trend reversal.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1406; (P) 1.1431; (R1) 1.1444; More…

A temporary top is in place at 1.1452 in EUR/CHF with 4 hour MACD crossed below signal line. Intraday bias is turned neutral first. For now, further rise is expected as long as 1.1363 minor support holds. Above 1.1452 will extend the rebound from 1.1242 short term bottom to 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. However, on the downside, below 1.1329 minor support will turn bias to the downside for retesting 1.1242 low instead.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1417; (P) 1.1433; (R1) 1.1456; More…

Intraday bias in EUR/CHF stays on the upside. Current rise from 1.1242 short term bottom is target 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support will turn bias to the downside for retesting 1.1242 low instead.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1384; (P) 1.1408; (R1) 1.1453; More…

Intraday bias in EUR/CHF remains on the upside as rebound from 1.1242 short term bottom is in progress for 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support, will turn bias to the downside for retesting 1.1242 low.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

EUR/CHF’s rebound from 1.1242 short term bottom extended higher last week after brief consolidation. Initial bias is on the upside this week for 1.1489 support turned resistance first. Decisive break there will add to the case of trend reversal ahead of key support zone between 1.1154/98. Further rise should then be seen to 1.1713 resistance. On the downside, below 1.1329 minor support, will turn bias to the downside for retesting 1.1242 low.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1189) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1361; (P) 1.1384; (R1) 1.1405; More…

Intraday bias in EUR/CHF remains neutral for consolidation below 1.1418 temporary top. As long as 1.1329 minor support holds, further rise is expected in the cross. On the upside, break of 1.1418 will target 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus will be back on 1.1154/98 key support zone.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1381; (P) 1.1395; (R1) 1.1416; More…

A temporary top is in place at 1.1418 and intraday bias in EUR/CHF is turned neutral first. Another rise is expected as long as 1.1329 minor support holds. Above 1.1418 will target 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus will be back on 1.1154/98 key support zone.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1362; (P) 1.1391; (R1) 1.1424; More…

With 1.1329 minor support intact, further rise is still expected in EUR/CHF for 1.1489 support turned resistance. Decisive break will add to the case of trend reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus is back on 1.1154/98 key support zone.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1359; (P) 1.1379; (R1) 1.1405; More…

Intraday bias in EUR/CHF remains mildly on the upside at this point. rebound from 1.1242 short term bottom is still in progress for 1.1489 support turned resistance. Firm break there will add some credence in near term reversal ahead of key support zone between 1.1154/98. On the downside, below 1.1329 minor support, however, will suggests completion of the rebound. Intraday bias will be turned back to the downside for 1.1242 low. And focus is back on 1.1154/98 key support zone.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1341; (P) 1.1369; (R1) 1.1416; More…

EUR/CHF retreats mildly after hitting 4 hour 55 EMA. But for now, rebound from 1.1242 short term bottom is still expected to continue for 1.1489 support turned resistance. Firm break there will add some credence in near term reversal ahead of key support zone between 1.1154/98. Nonetheless, break of 1.1242 will extend the larger corrective fall from 1.2004. But in that case, we’d expect strong support between 1.1154/98 to contain downside and bring reversal.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

EUR/CHF dropped to 1.1242 last week but rebounded from there since then. A short term bottom should be in place, ahead of key support zone between 1.1154/98. Initial bias is back on the upside this week for 1.1489 support turned resistance first. Firm break there will add some credence in near term reversal and target 1.1713 resistance next. Fall from 1.2004 is viewed as a correction. Hence, in case of another decline, we’d expect strong support between 1.1154/98 to contain downside and bring reversal.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1284; (P) 1.1317; (R1) 1.1373; More…

Intraday bias in EUR/CHF remains neutral at this point. Current decline from 1.2004 might extends lower. But even in that case, we’d expect strong support from 1.1154/98 to contain downside and bring rebound. Meanwhile, Meanwhile, considering mild bullish convergence condition in 4 hour MACD, break of 1.1354 will indicate short term bottoming. Stronger rebound should then be seen towards 1.1489 support turned resistance.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone, 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1243; (P) 1.1275; (R1) 1.1306; More…

As long as 1.1354 minor resistance holds, further decline is expected in EUR/CHF to key support zone at 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004. Meanwhile, considering mild bullish convergence condition in 4 hour MACD, break of 1.1354 will indicate short term bottoming. Stronger rebound should then be seen towards 1.1489 support turned resistance.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone, 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1243; (P) 1.1299; (R1) 1.1333; More…

EUR/CHF’s decline resumed after brief consolidation and intraday bias is back on the downside. Current fall should extend to key support zone between 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004. On the upside, above 1.1354 minor resistance will turn intraday bias neutral first.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone, 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1290; (P) 1.1326; (R1) 1.1365; More…

A temporary low is in place at 1.1285 in EUR/CHF and intraday bias is turned neutral first. Deep fall is expected as long as 1.1489 support turned resistance holds. Below 1.1285 will target key support zone between 1.1154/98. We’d expect strong support from there to contain downside to complete the whole decline from 1.2004.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone, 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1310; (P) 1.1389; (R1) 1.1438; More…

EUR/CHF’s decline extends to as low as 1.1285 so far today. 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319 is already met but there is no sign of bottoming yet. Intraday bias stays on the downside for key support zone between 1.1154/98. On the upside, above 1.1371 minor resistance will turn intraday bias neutral and bring consolidation. But recovery should be limited below 1.1489 support turned resistance to bring another fall.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1154/98 support zone, 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

EUR/CHF dropped sharply to as low as 1.1336 last week. Break of 1.1366 confirmed resumption of whole decline from 1.2004. Initial bias stays on the downside this week for 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319. Decisive break there will target key support zone between 1.1154/98. On the upside, above 1.1415 minor resistance will turn intraday bias neutral and bring consolidation. But recover should be limited below 1.1489 support turned resistance to bring another fall.

In the bigger picture, for now, the price actions from 1.2004 medium term top is seen as a correction only. Downside should be contained by 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to complete it and bring rebound. This cluster level is in proximity to long term channel support (now at 1.1173) too. A break of 1.2 key resistance is still expected in the medium term long term. However, sustained break of the mentioned support zone will mark reversal of the long term trend.

Daily Pivots: (S1) 1.1425; (P) 1.1481; (R1) 1.1512; More…

EUR/CHF’s fall accelerates to as low as 1.1401 so far today. Intraday bias stays on the downside for 1.1366 low next. Break there will resume whole fall from 1.2004 and target 61.8% projection of 1.2004 to 1.1366 from 1.1713 at 1.1319. On the upside, above 1.1460 minor resistance will turn intraday bias neutral and bring consolidations. But upside of recovery should be limited well below 1.1556 resistance to bring fall resumption.

In the bigger picture, 1.2004 is seen as a medium term top with bearish divergence condition in daily and weekly MACD. 1.2000 is also an important resistance level. Hence, the corrective pattern from 1.2004 is expected to extend for a while before completion. We’re not anticipating a break of 1.2004 in near term. Another decline cannot be ruled out yet. But in that case, strong support should be seen between 1.1198 (2016 high), 61.8% retracement of 1.0629 to 1.2004 at 1.1154 to contain downside.