EUR/CHF recovered today as range trading continues above 0.9094. Intraday bias stays neutral for the moment. The favored case remains that rebound from 0.8979 should have completed at 0.9264. Break of 0.9094 will bring deeper fall back to retest 0.8979 low. For now, risk will stay on the downside as long as 0.9169 resistance holds, in case of recovery.
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.
