EUR/CHF may fall 23 - 38 pips

Pivot

0.9375

Our preference

Short positions below 0.9375 with targets at 0.9350 & 0.9335 in extension.

Alternative scenario

Above 0.9375 look for further upside with 0.9390 & 0.9405 as targets.

Comment

As long as the resistance at 0.9375 is not surpassed, the risk of the break below 0.9350 remains high.

Supports and resistances

0.9405

0.9390

0.9375

0.9373 Last

0.9350

0.9335

0.9320

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