EUR/CHF may fall 28 - 48 pips

Pivot

0.9395

Our preference

Short positions below 0.9395 with targets at 0.9330 & 0.9310 in extension.

Alternative scenario

Above 0.9395 look for further upside with 0.9420 & 0.9450 as targets.

Comment

As long as 0.9395 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9450

0.9420

0.9395

0.9358 Last

0.9330

0.9310

0.9290

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