Intraday bias in EUR/CHF remains on the downside for the moment and current fall from 1.3234 is still in progress for a retest on 1.2401 low. As noted before, whole consolidation pattern from 1.2401 should have completed at 1.3234 already. Break of 1.2401 will confirm down trend resumption for 1.2 psychological level first. On the upside, above 1.2745 minor resistance will turn bias neutral and bring recovery. But upside should be limited below 1.2971 resistance and bring fall resumption.
In the bigger picture, whole down trend from 1.6287 (2007 high) is still in progress and in any case, medium term outlook will remain bearish as long as 1.3833 resistance holds. The current down trend would likely continue through 1.2 psychological level towards long term projection level at 1.1516. However, break of 1.3833 will confirm medium term bottoming and should bring strong rebound to 1.4315 resistance and above.