EUR/CHF may fall 16 - 31 pips

Pivot

0.9690

Our preference

Short positions below 0.9690 with targets at 0.9655 & 0.9640 in extension.

Alternative scenario

Above 0.9690 look for further upside with 0.9705 & 0.9720 as targets.

Comment

As long as the resistance at 0.9690 is not surpassed, the risk of the break below 0.9655 remains high.

Supports and resistances

0.9720

0.9705

0.9690

0.9671 Last

0.9655

0.9640

0.9625

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