EUR/CHF may fall 47 - 82 pips

Pivot

0.9460

Our preference

Short positions below 0.9460 with targets at 0.9375 & 0.9340 in extension.

Alternative scenario

Above 0.9460 look for further upside with 0.9490 & 0.9520 as targets.

Comment

As long as 0.9460 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9520

0.9490

0.9460

0.9422 Last

0.9375

0.9340

0.9315

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