EUR/CHF Daily Outlook

Intraday bias in EUR/CHF remains neutral at this point. On the upside, break of 0.9371 will bring stronger rebound back to retest 0.9485 high. However, sustained break of 38.2% retracement of 0.8979 to 0.9485 at 0.9292 will raise the chance of bearish reversal, and target 61.8% retracement at 0.9172.

In the bigger picture, rise from 0.8979 medium term bottom is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. This will remain the favored case as long as 0.9264 resistance turned support holds. However, decisive break of 0.9264 will argue that rise from 0.8979 might have complete as a three wave corrective move already, and revive medium term bearishness.

ActionForex
ActionForex
ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for two decades. We started providing only a daily and a mid-day report, now known as Action Insights. Gradually, we added a lot more in-house contents to the site. Technical Outlook section was expanded to cover more pairs. In addition to that, Top Movers, Heat Map, Pivot Point Charts and Pivot Meters, Action Bias and Volatility Charts, are tools used by traders from all over the world.

Latest Analysis

Learn Forex Trading