EUR/CHF may fall 28 - 43 pips

Pivot

0.9790

Our preference

Short positions below 0.9790 with targets at 0.9750 & 0.9735 in extension.

Alternative scenario

Above 0.9790 look for further upside with 0.9815 & 0.9840 as targets.

Comment

As long as the resistance at 0.9790 is not surpassed, the risk of the break below 0.9750 remains high.

Supports and resistances

0.9840

0.9815

0.9790

0.9778 Last

0.9750

0.9735

0.9700

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