EUR/CHF may rise 7 - 27 pips

Pivot

0.9710

Our preference

Long positions above 0.9710 with targets at 0.9735 & 0.9755 in extension.

Alternative scenario

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

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9770

0.9755

0.9735

0.9728 Last

0.9710

0.9695

0.9680

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