Daily Pivots: (S1) 1.0830; (P) 1.0846; (R1) 1.0868; More….
Intraday bias in EUR/CHF is turned neutral with current recovery. But further fall is in favor with 1.0884 minor resistance intact. On the downside, below 1.0811 will resume the fall from 1.0936 to retest 1.0694 low. On the upside, break of 1.0884 minor resistance will turn bias back to the upside for 1.0936 again.
In the bigger picture, the stronger than expected rebound from 1.0694 and break of 55 week EMA (now at 1.0861) mixes up the medium term outlook. On the upside, break of 1.1149 will resume the whole rise from 1.0505 (2020 low). On the downside, break of 1.0694 will revive some medium term bearishness for 1.0505 and below.
