EUR/CHF may fall 21 - 51 pips

Pivot

0.9535

Our preference

Short positions below 0.9535 with targets at 0.9470 & 0.9440 in extension.

Alternative scenario

Above 0.9535 look for further upside with 0.9565 & 0.9590 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.9590

0.9565

0.9535

0.9491 Last

0.9470

0.9440

0.9410

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