Intraday bias in EUR/CHF remains on the downside and current fall from 1.0999 continues. Such decline is seen as part of the larger correction pattern from 1.1198. Deeper fall should be seen to 1.0620 support. On the upside, break of 1.0830 resistance is needed to indicate short term reversal. Otherwise, outlook will remain bearish in case of recovery.
In the bigger picture, the decline from 1.1198 is seen as a corrective move. Such correction is possibly still in progress and retest of 38.2% retracement of 0.9771 to 1.1198 at 1.0653 could be seen. Sustained trading below 1.0653 will target 50% retracement at 1.0485. Meanwhile, break of 1.0999 resistance is needed to confirm completion of the correction. Otherwise, risk will stay on the downside in case of recovery.