EUR/CHF may rise 25 - 40 pips

Pivot

0.9785

Our preference

Long positions above 0.9785 with targets at 0.9840 & 0.9855 in extension.

Alternative scenario

Below 0.9785 look for further downside with 0.9765 & 0.9750 as targets.

Comment

The break above 0.9785 is a positive signal that has opened a path to 0.9840.

Supports and resistances

0.9870

0.9855

0.9840

0.9815 Last

0.9785

0.9765

0.9750

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