EUR/CHF may fall 22 - 37 pips

Pivot

0.9840

Our preference

Short positions below 0.9840 with targets at 0.9785 & 0.9770 in extension.

Alternative scenario

Above 0.9840 look for further upside with 0.9860 & 0.9870 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.9870

0.9860

0.9840

0.9807 Last

0.9785

0.9770

0.9750

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