EUR/CHF may fall 26 - 46 pips

Pivot

0.9565

Our preference

Short positions below 0.9565 with targets at 0.9520 & 0.9500 in extension.

Alternative scenario

Above 0.9565 look for further upside with 0.9585 & 0.9605 as targets.

Comment

As long as 0.9565 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9605

0.9585

0.9565

0.9546 Last

0.9520

0.9500

0.9480

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