Daily Pivots: (S1) 0.9153; (P) 0.9167; (R1) 0.9181; More….
Intraday bias in EUR/CHF remains neutral and more consolidations could be seen above 0.9141. Another recovery cannot be ruled out, but upside should be limited below 0.9235 resistance. On the downside, firm break of 0.9141 will extend larger down trend to 261.8% projection of 0.9394 to 0.9268 from 0.9347 at 0.9143.
In the bigger picture, down trend from 0.9928 (2024 high) is still in progress with falling 55 W EMA (now at 0.9341) intact. Next target is 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. Outlook will stay bearish as long as 0.9394 resistance holds, in case of recovery.
