EUR/CHF’s rally continues today and outlook is unchanged. Intraday bias remains on the upside for 0.9264 resistance. Firm break there will resume the rise from 0.8979 to 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. On the downside, below 0.9155 minor support will turn intraday bias neutral again.
In the bigger picture, as long as 0.9394 resistance holds, down trend from 0.9928 (2024 high) should still be in progress. Firm break of 0.8979 will confirm down trend resumption. However, decisive break of 0.9394 will be an important sign of medium term bullish reversal.
