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On the downside, although pullback to 1.0400-10 is likely, reckon the Tenkan-Sen (now at 1.0262) would limit downside and bring another rise later. Below 1.0150-60 would suggest top is possibly formed, bring weakness to psychological support at 1.0000, break there would add credence to this view, then weakness to 0.9900 would would follow but only breakof support area at 0.9751-76 would shift risk back to downside and suggest the rebound from 0.8426 has ended, bring further fall to 0.9600 and 0.9500 but reckon downside would be limited to 0.9350 and reckon 0.9200 would hold, price should stay well above psychological support at 0.9000, bring another rebound later.
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analysis for today 2 / 6 / 2015
EURCHF
Resistance : R1 1.0634 R2 1.0659 R3 1.0679 R4 1.0709
Support : S1 1.0517 S2 1.0492 S3 1.0472 S4 1.0442
Open : 1.0567
High : 1.0592
Low : 1.0559
Range : 1.0582 Pips
Running Price : 1.0583
Strategy : BUY at the level 1.0583 stop loss at the level 1.0517 target take profit at the level 1.0679 or at the level 1.0709
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Bearish heading to recent support. so chk it support zone but not reached our target and rebounded till the support level so now up movements expected again till the trend line as you see in the chart...
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dear thanks to you for this new thread and the pair in your thread is new for me and i have experiences with eur/usd only and now i decided to trade with other pairs of the forex market along with the eur/usd.so i do the trade in eur/chf also.
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Daily Forecast
Pair: EURCHF
Major Trend: Bearish
Time Frame: H1
Reason: It is predicted that the market will still be heading to 1.0453, because there is weak support in the area. While the RSI and Stochastic remains below the 50 line.
Recommendation: Sell now
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I think that we can get in long position from the support level at 1.0460 with take profit at 1.0618.
http://i.imgur.com/HKrH80O.png
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EUR/AUD Weekly Outlook
4H
After edging higher to 1.4893 last week, EUR/AUD lost momentum and retreated. The breach of 1.4480 argues that rebound from 1.3963 has completed already. Initial bias is mildly on the downside for retesting 1.3963. On the upside, above 1.4893 will extend the rebound to 1.5331 resistance. Overall, the cross is bounded in consolidative pattern from 1.5831 and we'd possibly see more range trading ahead.
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EUR/CHF Daily Outlook
Daily Pivots: (S1) 1.0479; (P) 1.0561; (R1) 1.0653
4H
Current recovery in EUR/CHF is still in progress and might extend higher. But after all, such rise is still viewed as a corrective move only and we'd expect down trend resumption later. Break of 1.0181 minor support will turn bias back to the downside.
---------- Post added at 11:08 AM ---------- Previous post was at 10:51 AM ----------
D1
In the bigger picture, prior break of 1.0061 low indicate resumption of multi-decade down trend. We'd probably see deeper decline to long term projection level of 61.8% projection of 1.6827 to 1.0061 from 1.2649 at 0.8468.
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Daily Forecast
Pair: EURCHF
Major Trend: Bearish
Time Frame: H1
Reason: Certainly, the market has experienced a bearish pattern, but still be a correction in the first daily support area at 1.0458, or go directly to 1.0374
Recommendation: Sell limit at 1.0458
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There is a good idea to sell for now, because my prediction EURCHF will continue to fall until the MS3 level and is likely to be lower than that. Because I use two indicators show the same level so that a sell signal is very strong and accurate as possible.
http://s17.postimg.org/9j1kxgrfz/screenshot_18.png
Spoiler: