EUR/CHF may fall 30 - 50 pips

Pivot

0.9800

Our preference

Short positions below 0.9800 with targets at 0.9750 & 0.9730 in extension.

Alternative scenario

Above 0.9800 look for further upside with 0.9830 & 0.9860 as targets.

Comment

As long as the resistance at 0.9800 is not surpassed, the risk of the break below 0.9750 remains high.

Supports and resistances

0.9860

0.9830

0.9800

0.9780 Last

0.9750

0.9730

0.9700

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