EUR/CHF may rise 17 - 37 pips

Pivot

0.9545

Our preference

Long positions above 0.9545 with targets at 0.9580 & 0.9600 in extension.

Alternative scenario

Below 0.9545 look for further downside with 0.9530 & 0.9515 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9620

0.9600

0.9580

0.9563 Last

0.9545

0.9530

0.9515

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