EUR/CHF may fall 26 - 46 pips

Pivot

0.9490

Our preference

Short positions below 0.9490 with targets at 0.9430 & 0.9410 in extension.

Alternative scenario

Above 0.9490 look for further upside with 0.9515 & 0.9535 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.9535

0.9515

0.9490

0.9456 Last

0.9430

0.9410

0.9390

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