EUR/CHF’s extended fall and break of 0.9371 support confirms short term topping at 0.9485. Intraday bias is back on the downside for 38.2% retracement of 0.8979 to 0.9485 at 0.9292. Sustained break there will pave the way to 61.8% retracement at 0.9172. On the upside, above 0.9371 will turn intraday bias neutral first.
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.
