EUR/CHF may fall 18 - 38 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 the resistance at 0.9565 is not surpassed, the risk of the break below 0.9520 remains high.

Supports and resistances

0.9605

0.9585

0.9565

0.9538 Last

0.9520

0.9500

0.9480

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