Daily Pivots: (S1) 0.9141; (P) 0.9189; (R1) 0.9214; More….
Intraday bias in EUR/CHF is turned neutral with current recovery. Some consolidations would be seen first, but upside should be limited below 0.9268 support turned resistance. Firm break of 161.8% projection of 0.9394 to 0.9268 from 0.9347 at 0.9143 will target 261.8% projection at 0.9017.
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.
