EUR/CHF may fall 15 - 30 pips

Pivot

0.9870

Our preference

Short positions below 0.9870 with targets at 0.9835 & 0.9820 in extension.

Alternative scenario

Above 0.9870 look for further upside with 0.9885 & 0.9900 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.9900

0.9885

0.9870

0.9850 Last

0.9835

0.9820

0.9800

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