EUR/CHF may fall 12 - 32 pips

Pivot

0.8450

Our preference

Short positions below 0.8450 with targets at 0.8420 & 0.8400 in extension.

Alternative scenario

Above 0.8450 look for further upside with 0.8475 & 0.8495 as targets.

Comment

As long as 0.8450 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8495

0.8475

0.8450

0.8432 Last

0.8420

0.8400

0.8370

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