Intraday bias in EUR/CHF remains neutral and more consolidations could be seen below 0.8371. Further rally is expected as long as 0.9270 support holds. On the upside decisive break of 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379 will carry larger bullish implications, and target 138.2% projection at 0.9488.
In the bigger picture, considering bullish divergence condition in W MACD, rise from 0.8979 medium term bottom should at least be reversing the fall from 0.9928, with prospect of developing into a medium term up trend. Firm break of 0.9394 resistance will add more credence to this case. For now risk will remain on the upside as long as 0.9094 support holds, in case of retreat.
