Intraday bias in EUR/CHF is turned neutral with current recovery, and some consolidations could be seen above 0.9094 temporary low. Risk will stay on the downside as long as 0.9167 resistance holds. Rebound from 0.8979 should have completed at 0.9264. Below 0.9094 will target a retest on 0.8979 low. However, firm break of 0.9167 will dampen this bearish view, and bring stronger rise back to retest 0.9264 instead.
In the bigger picture, the rejection by 55 W EMA (now at 0.9252) suggests that the down trend from 0.9928 (2024 high) is still in progress. Firm break of 0.8979 will confirm down trend resumption. Outlook will stay bearish as long as 0.9394 resistance holds, in case of another rebound.
