EUR/CHF may fall 60 - 85 pips

Pivot

0.9380

Our preference

Short positions below 0.9380 with targets at 0.9275 & 0.9250 in extension.

Alternative scenario

Above 0.9380 look for further upside with 0.9400 & 0.9435 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

0.9435

0.9400

0.9380

0.9335 Last

0.9275

0.9250

0.9210

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