While EUR/CHF’s rebound from 0.9371 extended higher, upside is still capped below 0.9478 resistance. Intraday bias remains neutral first. On the upside, decisive break of 0.9478 will resume the rally from 0.8979. In case of another fall as corrective pattern from 0.9478 extends, downside should be contained by 38.2% retracement of 0.9094 to 0.9478 at 0.9331.
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.
