EUR/CHF may rise 18 - 38 pips

Pivot

0.9655

Our preference

Long positions above 0.9655 with targets at 0.9690 & 0.9710 in extension.

Alternative scenario

Below 0.9655 look for further downside with 0.9640 & 0.9620 as targets.

Comment

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

Supports and resistances

0.9725

0.9710

0.9690

0.9672 Last

0.9655

0.9640

0.9620

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