By | August 20 2011 10:26 AM

EUR/CHF edged higher to 1.1554 last week but lost momentum since then. Initial bias remains neutral this week and some consolidations would be seen below 1.1554 temporary top first. But note that another rise will remain mildly in favor as long as 1.0920 support holds. Above 1.1554 will target 1.1891 and possibly above. However, break of 1.0920 will indicate that rebound from 1.0061 has completed and will flip bias back to the downside for retesting this low.