Intraday bias in EUR/CHF is back on the downside as fall from 0.9485 resumes. The decline should now target 61.8% retracement of 0.8979 to 0.9485 at 0.9172. Break there will target 0.9094 support next. On the upside, above 0.9249 will indicate short term bottoming, and bring stronger rebound.
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.
