EUR/CHF Tests Daily Supply After Sharp ReboundEUR/CHFOANDA:EURCHFEdgeTradingJourneyOn the daily timeframe, EUR/CHF has rebounded sharply from the March lows around 0.9000–0.9030 and is now testing a key resistance cluster. Price is trading into a daily FVG between 0.9230–0.9265, just below a broader supply zone and a descending trendline that has been capping price for months. This is a decision area: either the recovery extends, or it remains a corrective move within a broader bearish structure. As long as price stays below 0.9265–0.9305, I consider the move vulnerable to rejection, with 0.9135 as the first downside level and 0.9030–0.9000 as major support. From a COT perspective, positioning is more supportive than the chart suggests. The euro remains net long, despite some recent long liquidation, while the Swiss franc shows a clear net short positioning, with shorts increasing. This reflects continued expectations of CHF weakness, which structurally supports EUR/CHF. For this reason, I do not favor an aggressive bearish view unless price clearly confirms rejection. Seasonality slightly supports the euro as well. April tends to be a constructive month for EUR, while CHF shows a more mixed profile. This doesn’t invalidate a potential rejection from resistance, but it reduces the probability of immediate downside continuation and makes me cautious on shorts. Retail sentiment reinforces this view: 63% of traders are currently short EUR/CHF. From a contrarian standpoint, this suggests that downside may be limited and that the market could still push higher, especially if price holds above short-term supports. Overall, I maintain a neutral bias. Technically, EUR/CHF is at resistance and can reject, but positioning and sentiment support the pair. If price rotates lower from the current zone, 0.9135 is the first target, followed by 0.9030–0.9000. If instead price breaks and holds above 0.9265, I will look toward 0.9305, 0.9330 and potentially 0.9380–0.9400.