Intraday bias in EUR/CHF remains mildly on the upside. Rebound from 0.9122 short term bottom could start 0.9258 cluster resistance (38.2% retracement of 0.9485 to 0.9122 at 0.9261. Strong resistance could be seen from there to limit upside. On the downside, below 0.9183 minor support will bring retest of 0.9122 low.
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.
