EUR/CHF’s rally resumed by breaking through 0.9434 and intraday bias is back on the upside. Current rise from 0.8979 should target 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555 next. For now, outlook will remain bullish as long as 0.9371 support holds, in case of retreat.
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.
