EUR/CHF’s fall from 0.9478 extended lower and the break of 0.9420 support should confirm short term topping. Intraday bias is now on the downside for 38.2% retracement of 0.9094 to 0.9478 at 0.9331 as a corrective pullback. On the upside, above 0.9420 minor resistance 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 remain the favored case as long as 0.9264 resistance turned support holds.
