EUR/CHF may rise 25 - 55 pips

Pivot

0.9700

Our preference

Long positions above 0.9700 with targets at 0.9740 & 0.9770 in extension.

Alternative scenario

Below 0.9700 look for further downside with 0.9680 & 0.9670 as targets.

Comment

The break above 0.9700 is a positive signal that has opened a path to 0.9740.

Supports and resistances

0.9800

0.9770

0.9740

0.9715 Last

0.9700

0.9680

0.9670

Number of asterisks represents the strength of support and resistance levels.