EUR/CHF may fall 31 - 51 pips

Pivot

0.9490

Our preference

Short positions below 0.9490 with targets at 0.9450 & 0.9430 in extension.

Alternative scenario

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

Comment

As long as 0.9490 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9535

0.9515

0.9490

0.9481 Last

0.9450

0.9430

0.9410

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