EUR/CHF may rise 19 - 34 pips

Pivot

0.9705

Our preference

Long positions above 0.9705 with targets at 0.9735 & 0.9750 in extension.

Alternative scenario

Below 0.9705 look for further downside with 0.9690 & 0.9675 as targets.

Comment

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

Supports and resistances

0.9765

0.9750

0.9735

0.9716 Last

0.9705

0.9690

0.9675

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