Intraday bias in EUR/CHF remains neutral as consolidations from 1.2484 continues. While another recovery cannot be ruled out, we'd expect upside to be limited well below 1.2961 resistance and bring fall resumption. Below 1.2484 will target a retest on 1..2401 low first. As noted before, whole consolidation pattern from 1.2401 should have completed at 1.3234 already. Decisive break of 1.2401 will resume the longer term down trend for 1.2 psychological level first.
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.