EUR/CHF may rise 22 - 42 pips

Pivot

0.9730

Our preference

Long positions above 0.9730 with targets at 0.9775 & 0.9795 in extension.

Alternative scenario

Below 0.9730 look for further downside with 0.9715 & 0.9700 as targets.

Comment

A support base at 0.9730 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9815

0.9795

0.9775

0.9753 Last

0.9730

0.9715

0.9700

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