EUR/CHF may rise 14 - 44 pips

Pivot

0.9565

Our preference

Long positions above 0.9565 with targets at 0.9605 & 0.9635 in extension.

Alternative scenario

Below 0.9565 look for further downside with 0.9545 & 0.9520 as targets.

Comment

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

Supports and resistances

0.9660

0.9635

0.9605

0.9591 Last

0.9565

0.9545

0.9520

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