EUR/CHF may rise 29 - 54 pips

Pivot

0.9420

Our preference

Long positions above 0.9420 with targets at 0.9475 & 0.9500 in extension.

Alternative scenario

Below 0.9420 look for further downside with 0.9390 & 0.9360 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

0.9520

0.9500

0.9475

0.9446 Last

0.9420

0.9390

0.9360

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