EUR/CHF may fall 17 - 27 pips

Pivot

0.9470

Our preference

Short positions below 0.9470 with targets at 0.9450 & 0.9440 in extension.

Alternative scenario

Above 0.9470 look for further upside with 0.9485 & 0.9500 as targets.

Comment

As long as 0.9470 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9500

0.9485

0.9470

0.9467 Last

0.9450

0.9440

0.9425

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