EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9731; (P) 0.9755; (R1) 0.9803; More… EUR/CHF is extending the consolidation from 0.9818 and intraday bias remains neutral. Another rally is expected as long 0.9689 support holds. On the upside, above 0.9818 will resume the rise from 0.9252 towards 1.0095 key resistance next. Nevertheless, considering bearish divergence condition in 4H MACD, break […]

Daily Pivots: (S1) 0.8606; (P) 0.8623; (R1) 0.8638; More… Intraday bias in USD/CHF remains on the upside at this point. Rise from 0.8374 short term bottom should target 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should be […]

USD/CHF fell to 0.8728 last week but recovered to close above 0.8741 support. Initial bias remains neutral this week first. 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 near term […]