CHF/SEK may fall 524 - 784 pips

Our pivot point stands at 11.80.

Our preference

Eye 11.68.

Alternative scenario

Above 11.80, look for 11.84 and 11.87.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (11.77) but above its 50 period moving average (11.76).

Supports and resistances

11.87 **

11.84 *

11.80 **

11.78

11.76 last

11.71

11.68 **

11.66 *

11.63 **

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