EUR/CHF fell sharply to as low as 1.4003 last week, just inch above 1.4 psychological level and recovered. The strong break of 1.4143 support confirmed down trend resumption. Hence, even though some more sideway trading would be seen initially this week, we'd expect upside to be limited below 1.4294 support turned resistance and bring fall resumption. Below 1.4051 minor support will flip intraday bias back to the downside. Decisive break of 1.4000 will target 61.8% projection of 1.6368 to 1.4315 from 1.5138 at 1.3869 next.
In the bigger picture, whole long term down trend from 2007 high of 1.6827 is still in progress and further fall should be seen to 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 1.4465 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.