EUR/CHF retreated sharply after rising to 0.9434 and intraday bias is turned neutral again. Some consolidations would be seen first. But outlook will stay bullish as long as 0.9304 support holds. Above 0.9434 will extend the rally from 0.8979 to 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555.
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.
