EUR/CHF's rebound was limited at 1.4333 and dropped sharply since then. Nevertheless, the cross lost momentum again as it revisited 1.4 psychological support. Initial bias remains neutral this week and some more sideway trading might be seen. Though, decisive break of 1.4 psychological level will confirm down trend resumption for 61.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.3869 next. on the upside, above 1.4116 minor resistance will suggest that another rising leg of the consolidation from 1.4003 has started and will flip intraday bias back to the upside for 1.4333 resistance.

In the bigger picture, whole long term down trend from 2007 high of 1.6827 is still in progress and further fall should be seen to next medium term target will be 61.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.3869. On the upside, break of 1.4465 resistance is needed to be first signal of bottoming. Otherwise, medium term outlook will remain bearish.

In the long term picture, fall from 1.6827 should be resuming whole down trend from 1993 high of 1.8234. We'd expect such down trend to extend towards 100% projection of 1.8234 to 1.4391 from 1.6827 at 1.2984 in the longer run.

EUR/CHF

EUR/CHF

EUR/CHF

EUR/CHF