EUR/CHF may rise 45 - 80 pips

Pivot

0.9330

Our preference

Long positions above 0.9330 with targets at 0.9415 & 0.9450 in extension.

Alternative scenario

Below 0.9330 look for further downside with 0.9300 & 0.9285 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9470

0.9450

0.9415

0.9370 Last

0.9330

0.9300

0.9285

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