A temporary top is formed at 0.9472 in EUR/CHF’s retreat today. Intraday bias is turned neutral first and some consolidations would be seen. While deeper pullback cannot be ruled out, further rise is expected as long as 0.9304 support holds. Above 0.9472 will extend the larger rally from 0.8979 to 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555.
In the bigger picture, 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.
