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Daily Pivots: (S1) 1.0906; (P) 1.0931; (R1) 1.0961; More…. Intraday bias in EUR/USD remains on the downside. Sustained break of 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper decline would be seen to 61.8% retracement […]

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27/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9412; (P) 0.9430; (R1) 0.9444; More… EUR/CHF recovered after dipping to 0.9395 and intraday bias stays neutral first. Still, with 0.9543 resistance intact, deeper decline is expected. On the downside, firm break of 0.9407 key support will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]
20/04/2024

EUR/CHF Weekly Outlook

EUR/CHF’s correction from 0.9847 extended to as low as 0.9563 last week but quickly recovered. Initial bias is turned neutral this week first. On the upside, break of 0.9721 resistance will argue that the correction has completed already, and turn intraday bias back to the upside for retesting 0.9847. However, break of 0.9563 will bring […]
30/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9116; (P) 0.9130; (R1) 0.9147; More…. USD/CHF’s fall from 0.9157 accelerates lower today, and the development suggests that rebound from 0.8987 has completed already. Fall from 0.9157 is now seen as the third leg of the pattern from 0.9223. Intraday bias is back on the downside for 0.8987 support first. Break will […]