EUR/CHF Daily Outlook

Intraday bias in EUR/CHF remains on the downside with 1.2628 minor resistance intact and further decline should be seen to 1.2401/32 support zone. As noted before, consolidation pattern from 1.2401 should have completed at 1.3234 already and fall from there is resuming the larger down trend. Break of 1.2401 will

EUR/CHF Weekly Outlook

EUR/CHF continued to consolidate in range above 127.28 last week. With 1.2971 resistance intact, there is no change in the bearish view. That is, consolidations from 124.01 is likely finished with three waves up to 1.3234 already. Fall from there is still in progress and below 1.2728 will turn bias

EUR/CHF Daily Outlook

EUR/CHF continues to stay in consolidation above 1.2728 and intraday bias remains neutral. Note that with 1.2971 resistance intact, we'd favor a break of 1.2728 support eventually. Break of 1.2728 will confirm resumption of fall from 1.3234. Also, this will affirm the view that consolidation from 1.2401 is already finished

EUR/CHF Repeating A Double Top At The 1.2960 Resistance

The recent from 1.28 has met resistance at 1.2960. During today’s European session, a double top is forming with a break below the 1.2910 support. The RSI in the 1H chart is breaking below 40 invalidating the bullish momentum, and threatening to establish bearish momentum. Looking at the 4H chart,

EUR/CHF Repeating A Double Top At The 1.2960 Resistance

The recent from 1.28 has met resistance at 1.2960. During today’s European session, a double top is forming with a break below the 1.2910 support. The RSI in the 1H chart is breaking below 40 invalidating the bullish momentum, and threatening to establish bearish momentum. Looking at the 4H chart,