EURCHF Outlook

Intraday bias in EUR/CHF is turned neutral again with current recovery. Some consolidations would be seen above 0.9128 temporary low. Further decline is expected as long as 0.9258 support turned resistance holds. Below 0.9128 will resume the fall from 0.9485 to 0.9094 support. Firm break there will pave the way to 0.8979 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.

EUR/CHF's decline from 0.9485 continues today and there is no sign of bottoming yet. With 61.8% retracement of 0.8979 to 0.9485 at 0.9172 taken out, next target is 0.9094 support. Firm break there will pave the way to 0.8979 low. On the upside, above 0.9193 minor resistance will turn bias neutral and bring consolidations first.

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.

Further decline is expected in EUR/CHF as long as 0.9249. Current fall from 0.9485 should target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. Break there will target 0.9094 support next. On the upside, above 0.9249 will indicate short term bottoming, and bring stronger rebound.

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.