Intraday bias in EUR/CHF remains neutral at this point. On the upside, above 0.9928 minor resistance will argue that pullback from 0.9265 has completed. Further rise should be seen to retest this resistance Decisive break of 0.9264 resistance will resume the rally from 0.8979 to 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. In any case, outlook will stay bullish as long as 0.9179 support holds.
In the bigger picture, the break of medium term falling trend line resistance indicate that 0.8979 is already on medium term bottom. Considering bullish convergence condition in W MACD, rise from there should at least be reversing the fall from 0.9928, with prospect of developing into a medium term up trend. Firm break of 0.9394 resistance will add more credence to this case. For now rise will remain on the upside as long as 0.9094 support holds, in case of retreat.
