No change in EUR/CHF’s outlook and intraday bias remains neutral. Consolidations from 0.9434 could still extend. But in case of another fall, downside should be contained well above 0.9304 support. On the upside, firm break of 0.9434 will resume the whole rally from 0.8979, and target 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555.
In the bigger picture, the break of 0.9394 resistance should confirm that rise from 0.8979 medium term bottom is at least reversing the fall from 0.9928 (2024 high), with prospect of developing into a medium term up trend. Further rally should be seen to 0.9660 resistance next. This will now remain the favored case as long as 0.9264 resistance turned support holds.
