USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias back to the downside for 0.8548 support instead. In the […]

Daily Pivots: (S1) 0.8563; (P) 0.8583; (R1) 0.8597; More… Intraday bias in EUR/GBP remains on the upside at this point. Rebound from 0.8497 is seen as at least correcting the fall from 0.8764. Further rally would be seen to 161.8% projection of 0.8497 to 0.8577 from 0.8503 at 0.8632. For now, further rise will remain […]

Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… No change in USD/CHF’s outlook and intraday bias remains on the upside. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On the downside, below […]