EUR/CHF may fall 21 - 41 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 the resistance at 0.9490 is not surpassed, the risk of the break below 0.9450 remains high.

Supports and resistances

0.9535

0.9515

0.9490

0.9471 Last

0.9450

0.9430

0.9410

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