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Daily Pivots: (S1) 0.8610; (P) 0.8647; (R1) 0.8678; More…. USD/CHF is still bounded in tight range and intraday bias stays neutral. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, […]

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EUR/USD Mid-Day Outlook

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08/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9413; (P) 0.9438; (R1) 0.9471; More… EUR/CHF recovered after breaching 0.9407 low briefly and intraday bias is turned neutral. Some consolidations would be seen but further fall is expected as long as 0.9543 resistance holds. Decisive break of 0.9407 will resume larger down trend. In the bigger picture, medium term outlook remains […]
19/02/2024

USD/CHF Weekly Outlook

USD/CHF’s rally from 0.8332 continued last week and hit as high as 0.8884. Nevertheless, with subsequent retreat, initial bias remains neutral this week first. On the upside, above 0.8884 will resume the rise and 100% projection of 0.8332 to 0.8727 from 0.8550 at 0.8954. However, sustained break of 0.8727 will dampen this bullish view, and […]
13/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8748; (P) 0.8772; (R1) 0.8796; More…. USD/CHF is staying in tight range above 0.8728 and intraday bias stays neutral. On the downside, sustained break of 0.8741 will argue that the whole rebound from 0.8332 might have completed, and bring deeper fall to 0.8550 support. Nevertheless, strong bounce from current level will retain […]