EUR/CHF Daily Outlook

USD/CHF’s rebound from 0.8431 extended to 0.8747 last week, but failed to sustain above 38.2% retracement of 0.9223 to 0.8431 at 0.8734 and retreated. Initial bias remains neutral this week first. On the upside, sustained break of 0.8734 will extend to 61.8% retracement at 0.8920, even as a corrective move. On the downside, break of […]

Daily Pivots: (S1) 1.0768; (P) 1.0808; (R1) 1.0838; More… EUR/USD’s fall from 1.1016 is still in progress and intraday bias stays on the downside. Sustained break of 55 D EMA (now at 1.0770) will pave the way to retest 1.0447 support. On the upside, above 1.0846 minor resistance will turn intraday bias neutral first. But […]

Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break […]