EUR/CHF dropped to as low as 1.0608 last week, before forming a temporary low there and recovered. Initial bias is turned neutral for some consolidations first. But further decline is expected as long as 1.0737 resistance holds. Break of 1.0608 will extend larger down trend to 100% projection of 1.1476 to 1.0811 from 1.1059 at 1.0394 next.
In the bigger picture, down trend from 1.2004 is (2018 high) is still in progress. While initial support might be seen from 1.0629 on first attempt, outlook will stay bearish as long as 1.1059 resistance holds. Decisive break of 1.0629 will pave the way to parity next.
