Daily Pivots: (S1) 0.8666; (P) 0.8720; (R1) 0.8820; More… USD/CHF’s rally is still in progress and intraday bias stays on the upside. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899 next. For now, near term outlook will stay bullish as long as 0.8614 support holds, in case of retreat. […]
Daily Pivots: (S1) 0.9362; (P) 0.9434; (R1) 0.9505; More…. Intraday bias in EUR/CHF remains on the downside at this point. Decisive break of 0.9331 structural support indicate that whole rally from 0.9204 has completed as a three-wave correction at 0.9660, after rejection by channel resistance. Deeper decline would be seen to retest 0.9204 low next. […]
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