EUR/CHF may rise 29 - 54 pips

Pivot

0.9475

Our preference

Long positions above 0.9475 with targets at 0.9535 & 0.9560 in extension.

Alternative scenario

Below 0.9475 look for further downside with 0.9450 & 0.9430 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

0.9580

0.9560

0.9535

0.9506 Last

0.9475

0.9450

0.9430

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