EUR/CHF edged higher to 0.9485 but quickly retreated. Intraday bias remains neutral first. Further rally is expected as long as 0.9371 support holds. Firm break of 0.9485 will resume whole rally from 0.8979. However, break of 0.9371 will indicate short term topping, and turn bias to the downside for deeper pullback.
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 remain the favored case as long as 0.9264 resistance turned support holds.
