Daily Pivots: (S1) 0.9695; (P) 0.9718; (R1) 0.9733; More….
EUR/CHF dips further today but stays above 0.9639 minor support. Intraday bias remains neutral and further rally is still expected. Above 0.9754 will target 0.9928 high. Nevertheless, break of 0.9639 will resume the rally from 0.9476 and turn bias back to the downside for 0.9476 low instead.
In the bigger picture, rebound from 0.9252 medium term bottom might not be completed yet. But even in case of resumption, strong resistance could emerge from 1.0095 to limit upside. Medium term outlook will be neutral at best as long as 1.0094 structural resistance holds. Meanwhile, break of 0.9476 will bring retest of 0.9252 low.
