Intraday bias in EUR/CHF remains neutral as consolidations continues above 0.9258. With 0.9371 support turned resistance intact, further decline remains mildly in favor. On the downside, break of 0.9258 will resume the fall from 0.9485. Sustained trading below 38.2% retracement of 0.8979 to 0.9485 at 0.9292 will raise the chance of bearish reversal, and target 61.8% retracement at 0.9172. On the upside, break of 0.9371 will bring stronger rebound back to retest 0.9485 high.
In the bigger picture, as long as rise from 0.9264 resistance turned support holds, rise from 0.8979 is seen as revising 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. However, decisive break of 0.9264 will argue that rise from 0.8979 might have complete as a three wave corrective move already, and revive medium term bearishness.
