EUR/CHF may rise 12 - 27 pips

Pivot

0.9365

Our preference

Long positions above 0.9365 with targets at 0.9390 & 0.9405 in extension.

Alternative scenario

Below 0.9365 look for further downside with 0.9350 & 0.9335 as targets.

Comment

A support base at 0.9365 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9420

0.9405

0.9390

0.9378 Last

0.9365

0.9350

0.9335

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