EUR/CHF may rise 14 - 34 pips

Pivot

0.9720

Our preference

Long positions above 0.9720 with targets at 0.9755 & 0.9775 in extension.

Alternative scenario

Below 0.9720 look for further downside with 0.9705 & 0.9690 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

0.9795

0.9775

0.9755

0.9741 Last

0.9720

0.9705

0.9690

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