EUR/CHF Daily Outlook

Intraday bias in EUR/CHF is back on the upside with break of 0.9472 temporary top. Current rally from 0.8979 should target 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555. On the downside, below 0.9435 minor support will turn intraday bias neutral again first.

In the bigger picture, 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.

ActionForex
ActionForex
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