EUR/CHF may fall 54 - 79 pips

Pivot

0.9490

Our preference

Short positions below 0.9490 with targets at 0.9400 & 0.9375 in extension.

Alternative scenario

Above 0.9490 look for further upside with 0.9510 & 0.9530 as targets.

Comment

The break below the support at 0.9490 triggered a bearish acceleration to the support at 0.9400.

Supports and resistances

0.9530

0.9510

0.9490

0.9454 Last

0.9400

0.9375

0.9340

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