EUR/CHF may fall 15 - 30 pips

Pivot

0.9405

Our preference

Short positions below 0.9405 with targets at 0.9375 & 0.9360 in extension.

Alternative scenario

Above 0.9405 look for further upside with 0.9425 & 0.9440 as targets.

Comment

As long as the resistance at 0.9405 is not surpassed, the risk of the break below 0.9375 remains high.

Supports and resistances

0.9440

0.9425

0.9405

0.9390 Last

0.9375

0.9360

0.9345

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