EUR/CHF’s fall from 0.9485 resumed after brief consolidations and intraday bias is back on the downside. Next target is 61.8% retracement of 0.8979 to 0.9485 at 0.9172. For now, risk will remain on the downside as long as 0.9285 resistance holds, in case of recovery.
In the bigger picture, current development suggests that rise from 0.8979 has completed as a three wave corrective move at 0.9485. Medium term bearishness is revived and larger down trend from 0.9928 (2024 high) is likely still in progress. Break of 0.8979 low is in favor at a later stage.
