EUR/CHF broke through 0.9670 last week to resume the whole decline from 1.0095. But a temporary low was formed at 0.9606 with subsequent recovery. Initial bias is turned neutral this week first. Some consolidations could be seen, but outlook will stay bearish as long as 0.9721 support turned resistance holds. Below 0.9606 will target 100%
News
Daily Pivots: (S1) 0.9614; (P) 0.9636; (R1) 0.9663; More… In the bigger picture, medium term outlook is staying bearish as the pair is capped below falling 55 W EMA (now at 0.9913). Down trend form 1.2004 (2018 high) is in favor to extend through 0.9407 at a later stage. Nevertheless, decisive break of 38.2% retracement
Daily Pivots: (S1) 0.9626; (P) 0.9661; (R1) 0.9692; More… EUR/CHF’s decline from 1.0095 resumed by breaking through 0.9670 decisively. And intraday bias is now on the downside. Current fall would target 100% projection of 0.9995 to 0.9670 from 0.9840 at 0.9515. On the upside, break of 0.9721 support turned resistance is needed to indicate short
Daily Pivots: (S1) 0.9651; (P) 0.9708; (R1) 0.9740; More… Intraday bias in EUR/CHF stays neutral this point. Firm break of 0.9670 support will resume the whole decline from 1.0095. Deep fall would be seen towards 0.9407 low. Nevertheless, on the upside, break of 0.9840 will argue that choppy decline from 1.0095 has completed, and bring
Daily Pivots: (S1) 0.9731; (P) 0.9747; (R1) 0.9755; More… No change in EUR/CHF’s outlook and intraday bias stays neutral. On the upside break of 0.9840 will resume the rebound from 0.9670. That will also revive the case that whole corrective decline from 1.0095 has completed at 0.9670. Further rally should be seen to 0.9878 resistance
Daily Pivots: (S1) 0.9740; (P) 0.9750; (R1) 0.9763; More… Intraday bias in EUR/CHF remains neutral as range trading continues. On the upside break of 0.9840 will resume the rebound from 0.9670. That will also revive the case that whole corrective decline from 1.0095 has completed at 0.9670. Further rally should be seen to 0.9878 resistance
EUR/CHF continued to gyrate in established range last and outlook is unchanged. Initial bias stays neutral this week first. On the upside break of 0.9840 will resume the rebound from 0.9670. That will also revive the case that whole corrective decline from 1.0095 has completed at 0.9670. Further rally should be seen to 0.9878 resistance