EUR/CHF Daily Outlook – Action Forex

Each day Pivots: (S1) 0.9330; (P) 0.9362; (R1) 0.9395; More….

Intraday bias in EUR/CHF stays impartial impartial for the second. Rebound from 0.9218 is both a corrective transfer, or the third leg of the sample from 0.9204. Break of 0.9445 will resume the rebound in direction of 0.9660 resistance. Nevertheless, on the draw back, break of 0.9336 will convey retest of 0.9204/18 assist zone.

Within the larger image, prior rejection by long-term falling channel resistance (now at 0.9555) retains medium time period bearishness. That’s, down pattern from 1.2004 (2018 excessive) continues to be in progress. Agency break of 0.9204 (2024 low) will affirm resumption. This may stay the favored case so long as 0.9660 resistance holds.