EUR/CHF may rise 41 - 56 pips

Pivot

0.9390

Our preference

Long positions above 0.9390 with targets at 0.9445 & 0.9460 in extension.

Alternative scenario

Below 0.9390 look for further downside with 0.9370 & 0.9355 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9465

0.9460

0.9445

0.9404 Last

0.9390

0.9370

0.9355

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