EUR/CHF Weekly Outlook

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.

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