EUR/CHF’s rebound from 0.9252 continued last week and initial bias stays on the upside this week for 0.9574 fibonacci level next. However, considering bearish divergence condition in 4H MACD, strong resistance could be seen from 0.9574 to limit upside. On the downside, break of 0.9466 support will indicate short term topping, and turn bias back
EURCHF Outlook
Daily Pivots: (S1) 0.9503; (P) 0.9521; (R1) 0.9546; More… Intraday bias in EUR/CHF is back on the upside with breach of 0.9533 temporary top. Further rally would be seen to 0.9574 fibonacci level. Considering bearish divergence condition in 4H MACD, strong resistance could be seen there to limit upside. On the downside, break of 0.9466
Daily Pivots: (S1) 0.9500; (P) 0.9518; (R1) 0.9534; More… Intraday bias in EUR/CHF is turned with current retreat. Another rise could still be seen, by considering bearish divergence condition in 4H MACD, upside would be limited by 0.9574 fibonacci level. On the downside, break of 0.9466 support will indicate short term topping, and turn bias
Daily Pivots: (S1) 0.9514; (P) 0.9523; (R1) 0.9542; More… Intraday bias in EUR/CHF remains on the upside for the moment. Current rise from 0.9252 should target 0.9574 fibonacci level next. However, considering possible bearish divergence condition in 4H MACD, break of 0.9466 minor support will indicate short term bottoming, and turn bias back to the
Daily Pivots: (S1) 0.9494; (P) 0.9504; (R1) 0.9522; More… EUR/CHF’s rise from 0.9252 is trying to resume by breaching 0.9510 and intraday bias is back on the upside. Further rally should be seen to 0.9574 fibonacci level next. On the downside, below 0.9466 minor support will turn intraday bias neutral again first. In the bigger
Daily Pivots: (S1) 0.9478; (P) 0.9488; (R1) 0.9504; More… Intraday bias in EUR/CHF remains neutral and more consolidations could be seen below 0.9510. Downside of retreat should be contained by 0.9413 minor support to bring another rally. On the upside, break of 0.9510 target 0.9574 fibonacci level next. In the bigger picture, price actions from
EUR/CHF’s rebound from 0.9252 resumed by breaking through 0.9471 resistance last week. But as a temporary top was formed at 0.9510, initial bias remains neutral this week for more consolidations. Downside of retreat should be contained by 0.9413 minor support to bring another rally. On the upside, break of 0.9510 target 0.9574 fibonacci level next.