EUR/CHF may fall 24 - 34 pips

Pivot

0.9710

Our preference

Short positions below 0.9710 with targets at 0.9675 & 0.9665 in extension.

Alternative scenario

Above 0.9710 look for further upside with 0.9725 & 0.9735 as targets.

Comment

As long as the resistance at 0.9710 is not surpassed, the risk of the break below 0.9675 remains high.

Supports and resistances

0.9735

0.9725

0.9710

0.9699 Last

0.9675

0.9665

0.9650

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