EUR/CHF may rise 52 - 92 pips

Pivot

0.9415

Our preference

Long positions above 0.9415 with targets at 0.9500 & 0.9540 in extension.

Alternative scenario

Below 0.9415 look for further downside with 0.9355 & 0.9330 as targets.

Comment

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

Supports and resistances

0.9580

0.9540

0.9500

0.9448 Last

0.9415

0.9355

0.9330

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