Intraday bias in EUR/CHF remains neutral as consolidation from 1.2484 temporary low continues. While another recovery cannot be ruled out, upside should be limited below 1.2961 resistance and bring fall resumption. Overall outlook in the cross remains unchanged. consolidation pattern from 1.2401 should have completed at 1.3234 already and fall from there is resuming the larger down trend. Below 1.2484 should send EUR/CHF through 1.2401 low.
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.