EUR/CHF’s strong break of 0.9408 resistance confirms resumption of whole rise from 0.8979. Intraday bias is back on the upside. Next target is 61.8% projection of 0.9176 to 0.9408 from 0.9304 at 0.9447. Firm break there will target 100% projection at 0.9536. On the downside, below 0.9398 minor support will turn bias neutral and bring consolidations. But retreat should be contained above 0.9304 support to bring another rally.
In the bigger picture, the solid break of 0.9394 resistance should confirm that rise from 0.8979 medium term bottom is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. This will now remain the favored case as long as 0.9264 resistance turned support holds.
