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USD/CHF’s rally from 0.8733 extended to as high as 0.8916 last week, but retreated after hitting 61.8% retracement of 0.9223 to 0.8374 at 0.8899. Initial bias remains neutral this week for consolidations first. But outlook will stay bullish as long as 0.8773 resistance turned support holds. Sustained trading above 0.8899 will pave the way back […]

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29/05/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9883; (P) 0.9906; (R1) 0.9929; More…. Intraday bias in EUR/CHF is turned neutral with current retreat. But further rise is expected as long as 0.9880 minor support holds. Above 0.9928 will resume whole rally from 0.9252 to 100% projection of 0.9304 to 0.9847 from 0.9563 at 1.0106, which is slightly above 1.0095 […]
19/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0879; (P) 1.0911; (R1) 1.0928; More…. Intraday bias in EUR/USD remains neutral for consolidations below 1.0947 temporary top. Downside of retreat should be contained by 1.0871 support to bring another rally. On the upside, break of 1.0947 will resume the rise from 1.0601 and target 100% projection of 1.0601 to 1.0915 from […]
15/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9479; (P) 0.9512; (R1) 0.9570; More… While EUR/CHF’s recovery from 0.9402 extended higher, it’s still capped by 0.9543 resistance. Intraday bias stays neutral and further decline remains in favor. On the downside, decisive break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from […]