Daily Pivots: (S1) 0.9496; (P) 0.9521; (R1) 0.9521; More….
EUR/CHF’s rebound from 0.9209 short term bottom is still in progress. Intraday bias stays on the upside for 55 D EMA (now at 0.9592). On the downside, below 0.9423 minor support will turn intraday bias neutral first.
In the bigger picture, medium term corrective pattern from 0.9407 (2022 low) might have completed with three waves to 0.9928. Decisive break of 0.9252 (2023 low) will confirm long term down trend resumption. Next target will be 61.8% projection of 1.1149 to 0.9407 from 0.9928 at 0.8851. For now, outlook will stay bearish as long as 0.9928 resistance holds, even in case of strong rebound.
. On the downside, below 0.9423 minor support will turn intraday bias neutral first.){kind=link}