Daily Pivots: (S1) 0.9202; (P) 0.9246; (R1) 0.9276; More….
Intraday bias in EUR/CHF stays on the downside for retesting 0.9178 low. Firm break there will resume larger down trend. On the upside, above 0.9253 support turned resistance will turn intraday bias neutral and bring consolidations, before staging another decline.
In the bigger picture, another rejection by 55 W EMA (now at 0.9350) keeps outlook bearish. Downtrend from 1.2004 (2018 high) is still in progress. Firm break of 0.9178 will target 61.8% projection of 1.1149 to 0.9407 from 0.9928 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of recovery.
