EUR/CHF is staying in consolidations above 0.9193 and intraday bias remains neutral. Further fall is expected as long as 0.9285 resistance holds. Below 0.9193 will target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. However, firm break of 0.9285 will turn bias to the upside for stronger rebound towards 55 D EMA (now at 0.9330).
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.
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