EUR/CHF may rise 15 - 30 pips

Pivot

0.9670

Our preference

Long positions above 0.9670 with targets at 0.9695 & 0.9710 in extension.

Alternative scenario

Below 0.9670 look for further downside with 0.9655 & 0.9640 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

0.9695

0.9680 Last

0.9670

0.9655

0.9640

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