EUR/CHF may fall 27 - 42 pips

Pivot

0.9420

Our preference

Short positions below 0.9420 with targets at 0.9365 & 0.9350 in extension.

Alternative scenario

Above 0.9420 look for further upside with 0.9435 & 0.9450 as targets.

Comment

As long as 0.9420 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9450

0.9435

0.9420

0.9392 Last

0.9365

0.9350

0.9320

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