Daily Pivots: (S1) 0.9094; (P) 0.9116; (R1) 0.9141; More….
Intraday bias in EUR/CHF remains neutral at this point. On the upside, firm break of 38.2% retracement of 0.9394 to 0.8979 at 0.9138 will extend the rebound from 0.8979 short term bottom to 61.8% retracement at 0.9235. On the downside, below 0.9067 minor support will turn intraday bias back to the downside for retesting 0.8979 low instead.
In the bigger picture, down trend from 0.9928 (2024 high) is still in progress. Next target is 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of rebound.
