EUR/CHF may rise 21 - 41 pips

Pivot

0.9740

Our preference

Long positions above 0.9740 with targets at 0.9775 & 0.9795 in extension.

Alternative scenario

Below 0.9740 look for further downside with 0.9730 & 0.9715 as targets.

Comment

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

Supports and resistances

0.9815

0.9795

0.9775

0.9754 Last

0.9740

0.9730

0.9715

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