Daily Pivots: (S1) 0.9424; (P) 0.9484; (R1) 0.9519; More… Despite today’s recovery, further decline is expected in EUR/CHF with 0.9543 minor resistance intact. Retest of 0.9507/16 support zone should be seen next. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and turn intraday
EURCHF Outlook
EUR/CHF’s steep decline last week indicates that rebound from 0.9416 has completed at 0.9683 already, after rejection by 0.9691 cluster resistance. Initial bias stays on the downside this week for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9543 minor resistance will delay the bearish case and
Daily Pivots: (S1) 0.9470; (P) 0.9533; (R1) 0.9593; More… Intraday bias in EUR/CHF stays on the downside at this point. Sustained break of 61.8% retracement level of 0.9416 to 0.9683 at 0.9518 will pave the way to retest 0.9416 low. On the upside, above 0.9566 minor resistance will turn intraday bias neutral first. In the
Daily Pivots: (S1) 0.9563; (P) 0.9608; (R1) 0.9632; More… EUR/CHF’s fall from 0.9683 accelerated to as low as 0.9547 so far today. The development confirms rejection by 0.9691 resistance, and dampened the case of larger bullish reversal. Intraday bias is now on the downside for 61.8% retracement level of 0.9416 to 0.9683 at 0.9518. Sustained
Daily Pivots: (S1) 0.9638; (P) 0.9647; (R1) 0.9663; More… Intraday bias in EUR/CHF remains neutral as it’s still stuck in sideway trading. Overall, further rally is expected with 0.9595 support intact. Decisive break of 0.9691 resistance will carry larger bullish implication, and target 0.9840 resistance next. However, break of 0.9595 support will turn bias back
Daily Pivots: (S1) 0.9624; (P) 0.9642; (R1) 0.9660; More… Sideway trading continues in EUR/CHF and intraday bias stays neutral. 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, and turn bias back to
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