EUR/CHF may fall 32 - 47 pips

Pivot

0.9725

Our preference

Short positions below 0.9725 with targets at 0.9690 & 0.9675 in extension.

Alternative scenario

Above 0.9725 look for further upside with 0.9735 & 0.9750 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.9750

0.9735

0.9725

0.9722 Last

0.9690

0.9675

0.9650

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