EUR/CHF may rise 16 - 31 pips

Pivot

0.9380

Our preference

Long positions above 0.9380 with targets at 0.9410 & 0.9425 in extension.

Alternative scenario

Below 0.9380 look for further downside with 0.9365 & 0.9350 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9440

0.9425

0.9410

0.9394 Last

0.9380

0.9365

0.9350

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