Intraday bias in EUR/CHF remains neutral and further decline is expected with 0.9167 resistance intact. Break of 0.9094 will resume the fall from 0.9264 to retest 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.
