Monthly: EURCHF has staged a strong recovery since posting a low in January 2015. The rally has stalled, and a reversal posted from levels close to the 78.6% Fibonacci pullback of 1.2010. June and July posted indecisive Inside Bars with all trading in the lower half of the May candle range. The indecision was resolved with further downside pressure noted in August. Channel support is located at 1.1187
Weekly: A full AB=CD corrective formation would take the cross to 1.1100. However, buyers have retuned, and this week’s price action is likely to form a bullish Outside Week, often an indication that the bias has turned (from bearish to bullish)
Daily: Bullish Outside Day posted. Price action looks to have formed a bullish Ending Wedge pattern. A break of trend line resistance at 1.1376 and the measured move target is 1.1700
Intraday (4-hours) – Intraday signals are at overbought extremes. Broken out of the wedge to the upside. Reverse trend line support is located at 1.1246. Bespoke support is located at 1.1250. We look to buy into dips
