EUR/CHF may rise 18 - 38 pips

Pivot

0.9390

Our preference

Long positions above 0.9390 with targets at 0.9420 & 0.9440 in extension.

Alternative scenario

Below 0.9390 look for further downside with 0.9370 & 0.9360 as targets.

Comment

The break above the resistance at 0.9390 triggered an upward acceleration to 0.9420.

Supports and resistances

0.9470

0.9440

0.9420

0.9402 Last

0.9390

0.9370

0.9360

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