Intraday bias in EUR/CHF stays on the downside at this point. Current fall from 0.9485 should target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. Sustained break there will target 0.9094 support next. For now, risk will remain on the downside as long as 0.9285 resistance holds, in case of recovery.
In the bigger picture, current development suggests that rise from 0.8979 has completed as a three wave corrective move at 0.9485. Medium term bearishness is revived and larger down trend from 0.9928 (2024 high) is likely still in progress. Break of 0.8979 low is in favor at a later stage.
