Daily Pivots: (S1) 0.9636; (P) 0.9647; (R1) 0.9662; More… Intraday bias in EUR/CHF remains neutral for the moment. Some more consolidations could be seen. Further rally is still expected and decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support will indicate short term topping
EURCHF Outlook
EUR/CHF failed to break through 0.9691 resistance last week and retreated. But it then recovered after brief dip to 0.9617. Initial bias stays neutral this week for more consolidations. Further rally is still expected and decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support
Daily Pivots: (S1) 0.9627; (P) 0.9638; (R1) 0.9654; More… Intraday bias in EUR/CHF remains neutral at this point. On the upside, decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9620 support will indicate short term topping, and turn bias back to the downside for deeper
Daily Pivots: (S1) 0.9612; (P) 0.9631; (R1) 0.9642; More… Intraday bias in EUR/CHF stays neutral for the moment. On the upside, decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9620 support will indicate short term topping, and turn bias back to the downside for deeper
Daily Pivots: (S1) 0.9626; (P) 0.9656; (R1) 0.9670; More… Intraday bias in EUR/CHF is turned neutral with current retreat. Some consolidations would be seen first. But further rally is in favor as long as 0.9620 support holds. On the upside, decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next.
Daily Pivots: (S1) 0.9660; (P) 0.9672; (R1) 0.9695; More… Intraday bias in EUR/CHF is back on the upside with break of 0.9678 resistance. Rise from 0.9416 is now resuming. Decisive break to 0.9891 will carry larger bullish implication, and target 0.9840 resistance next. On the downside, however, break of 0.9620 support will indicate short term
Daily Pivots: (S1) 0.9637; (P) 0.9652; (R1) 0.9680; More… Range trading continues in EUR/CHF below 0.9678 and intraday bias stays neutral. Further rally is expected as long as 0.9595 support holds. Firm break of 0.9678/91 resistance zone will carry larger bullish implication. Nevertheless, break of 0.9595 support will indicate short term topping, and turn bias