EUR/CHF rebounded strongly after diving to as low as 1.4143 on SNB intervention and the break of 1.4357 resistance indicates that a short term bottom is formed. Some consolidations should be be seen above 1.4143 but we'd expect strong resistance near to 1.4557 support turned resistance to limit upside. While the consolidation might continue for a while, we'd expect down trend to resume sooner or later and break of 1.4143 will target 1.4 psychological level next.
In the bigger picture, the strong break of 1.4135 (2008 low) confirms that whole long term down trend from 1.6287 has resumed. Next medium term target will be 61.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.3869. On the upside, break of 1.4557 spike low resistance is needed to be first signal of bottoming. Otherwise, medium term outlook will remain bearish.
In the long term picture, fall from 1.6827 should be resuming whole down trend from 1993 high of 1.8234. We'd expect such down trend to extend towards 100% projection of 1.8234 to 1.4391 from 1.6827 at 1.2984 in the longer run.