Intraday bias in EUR/CHF stays on the downside for the moment. Current fall from 0.9485 should target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. On the upside, above 0.9275 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.9367 resistance holds, in case of recovery.
In the bigger picture, immediate focus is now on 0.9264 resistance turned support. Sustained break there will argue that rise from 0.8979 might have complete as a three wave corrective move at 0.9485. That will revive medium term bearishness that larger down trend from 0.9928 (2024 high) is still incomplete. Retest of 0.8979 low should be seen next.
