EUR/CHF may rise 37 - 52 pips

Pivot

0.9710

Our preference

Long positions above 0.9710 with targets at 0.9755 & 0.9770 in extension.

Alternative scenario

Below 0.9710 look for further downside with 0.9695 & 0.9680 as targets.

Comment

A support base at 0.9710 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9800

0.9770

0.9755

0.9718 Last

0.9710

0.9695

0.9680

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