USD/CHF Mid-Day Outlook

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from 1.1274 are […]

Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Current fall form 0.9928 should target 100% projection of 0.9928 to 0.94767 from 0.9772 at 0.9320. On the upside, above 0.9519 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]

Daily Pivots: (S1) 0.9343; (P) 0.9366; (R1) 0.9380; More…. Range trading continues in EUR/CHF and outlook is unchanged. Intraday bias stays neutral for the moment. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 […]