Daily Pivots: (S1) 0.9152; (P) 0.9168; (R1) 0.9181; More….
Intraday bias in EUR/CHF stays neutral for the moment. Rise from 0.8979 is expected to continue as long as 0.9155 cluster support (38.2% retracement of 0.8979 to 0.9264 at 0.9155) holds. On the upside, firm break of 0.9264 will target 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback to 61.8% retracement at 0.9088 and possibly below.
In the bigger picture, considering bullish convergence condition in W MACD, a medium term bottom should be in place at 0.8979. Sustained trading above 55 W EMA (now at 0.9268) will add more credence to this case. Further break of 0.9394 resistance will pave the way to 0.9660 resistance next. However rejection by the 55 W EMA will set up another fall through 0.8979 low at a later stage.
 holds. On the upside, firm break of 0.9264 will target 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback to 61.8% retracement at 0.9088 and possibly below.){kind=link}