EUR/CHF may rise 18 - 33 pips

Pivot

0.9355

Our preference

Long positions above 0.9355 with targets at 0.9385 & 0.9400 in extension.

Alternative scenario

Below 0.9355 look for further downside with 0.9340 & 0.9330 as targets.

Comment

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

Supports and resistances

0.9415

0.9400

0.9385

0.9367 Last

0.9355

0.9340

0.9330

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