EUR/CHF was rejected at 0.9167 resistance and reversed from there. But downside is contained above 0.9094 temporary low. Intraday bias remains neutral and further fall is in favor. On the downside, firm break of 0.9094 will extend the fall from 0.9264 to retest 0.8979 low. Nevertheless, decisive break of 0.9167 fall from 0.9264 has completed as a corrective move.
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.
