NEW YORK ( TheStreet) -- Bear pressure may have temporarily stopped the cross from continuing its bullish recovery but as long as EUR/CHF remains above the 1.2930/52 levels, our bias remains higher nearer term. However, a break and close above the 1.2974 level, its Jan. 21, 2011 high, must occur to trigger its nearer term uptrend toward the 1.3203 level, its Dec. 12, 2010 high, and subsequently the 1.3388 level, its Nov. 25, 2010 high. Conversely, on a continued corrective pullback from its current price levels, its broken resistance at the 1.2930 level should come in as the next support. We expect a reversal of roles at that level to turn it back up again. Further down, support lies at its Jan. 6, 2011 high at 1.2724 followed by the 1.2402 level printed on Dec. 30, 2010. All in all, with a climb back above the 1.2930 level seen, further recovery strength is envisaged despite its present price hesitation.