EUR/CHF may fall 24 - 44 pips

Pivot

0.9700

Our preference

Short positions below 0.9700 with targets at 0.9640 & 0.9620 in extension.

Alternative scenario

Above 0.9700 look for further upside with 0.9725 & 0.9750 as targets.

Comment

As long as 0.9700 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9750

0.9725

0.9700

0.9664 Last

0.9640

0.9620

0.9600

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