EUR/CHF may fall 16 - 36 pips

Pivot

0.9495

Our preference

Short positions below 0.9495 with targets at 0.9460 & 0.9440 in extension.

Alternative scenario

Above 0.9495 look for further upside with 0.9520 & 0.9540 as targets.

Comment

As long as the resistance at 0.9495 is not surpassed, the risk of the break below 0.9460 remains high.

Supports and resistances

0.9540

0.9520

0.9495

0.9476 Last

0.9460

0.9440

0.9420

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