EUR/CHF’s recovery faltered well below 0.9953 resistance last week, and extended near term sideway trading. Initial bias stays neutral this week first. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement of 0.8407
EURCHF Outlook
Daily Pivots: (S1) 0.9800; (P) 0.9818; (R1) 0.9841; More…. Intraday bias in EUR/CHF remains neutral at this point as consolidation from 0.9953 is extending. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement
Daily Pivots: (S1) 0.9764; (P) 0.9798; (R1) 0.9831; More…. EUR/CHF is staying in consolidation from 0.9953 and intraday bias remains neutral first. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement of 0.8407
Daily Pivots: (S1) 0.9770; (P) 0.9802; (R1) 0.9839; More…. Intraday bias in EUR/CHF stays neutral first as choppy sideway trading continues. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9720 will extend the decline from 0.9953 to 61.8% retracement of 0.8407 to
Daily Pivots: (S1) 0.9795; (P) 0.9827; (R1) 0.9855; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9779 will likely resume the fall from 0.9953 through 0.9720. In the bigger picture, rejection by
Daily Pivots: (S1) 0.9834; (P) 0.9863; (R1) 0.9880; More…. Intraday bias in EUR/CHF is turned neutral again with today’s steep retreat. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9779 will likely resume the fall from 0.9953 through 0.9720. In the bigger
EUR/CHF’s recovery last week suggests that pull back from 0.9953 has completed at 0.9720, after drawing support from 38.2% retracement of 0.9407 to 0.9953 0.9744. Initial bias is mildly on the upside this week for retesting 0.9953. Firm break there will resume the rally from 0.9407 to 1.0072 fibonacci level. However, break of 0.9779 will