EUR/CHF rebounded further to 0.9797 last week but retreated since then. Initial bias is turned neutral this week for consolidations. But further rally is expected as long as 0.9708 minor support holds. Break of 0.9797 will target a retest on 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the
EURCHF Outlook
Daily Pivots: (S1) 0.9773; (P) 0.9786; (R1) 0.9801; More… Intraday bias in EUR/CHF stays mildly on the upside at this point. Rise from 0.9563 would target a retest on 0.9847. Decisive break there will resume larger rally from 0.9252 high. On the downside, below 0.9708 minor support will turn intraday bias to the downside for
Daily Pivots: (S1) 0.9763; (P) 0.9778; (R1) 0.9808; More… Intraday bias in EUR/CHF remains on the upside for retesting 0.9847 resistance. Decisive break there will resume larger rally from 0.9252 high. On the downside, below 0.9708 minor support will turn intraday bias neutral again first. In the bigger picture, while 55 D EMA (now at
Daily Pivots: (S1) 0.9722; (P) 0.9741; (R1) 0.9780; More… The strong break of 55 4H EMA suggest that EUR/CHF’s pull back from 0.9847 has completed at 0.9563 already. Intraday bias is back on the upside for retesting 0.9847 high. Decisive break there will resume larger rally from 0.9252. On the downside, below 0.9708 minor support
Daily Pivots: (S1) 0.9695; (P) 0.9711; (R1) 0.9732; More… No change in EUR/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9721 resistance will argue that correction from 0.9847 has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring deeper fall
Daily Pivots: (S1) 0.9606; (P) 0.9662; (R1) 0.9758; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, firm break of 0.9721 resistance will argue that correction from 0.9847 has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring deeper fall to
EUR/CHF’s correction from 0.9847 extended to as low as 0.9563 last week but quickly recovered. Initial bias is turned neutral this week first. On the upside, break of 0.9721 resistance will argue that the correction has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring