EUR/CHF may fall 17 - 32 pips

Pivot

0.9725

Our preference

Short positions below 0.9725 with targets at 0.9695 & 0.9680 in extension.

Alternative scenario

Above 0.9725 look for further upside with 0.9740 & 0.9755 as targets.

Comment

As long as 0.9725 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9755

0.9740

0.9725

0.9712 Last

0.9695

0.9680

0.9665

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