Forex

EUR/CHF may rise to 0.9930 - 1.0000

2024-06-05

Pivot

0.9670

Our preference

Long positions above 0.9670 with targets at 0.9930 & 1.0000 in extension.

Alternative scenario

Below 0.9670 look for further downside with 0.9565 & 0.9460 as targets.

Comment

A support base at 0.9670 has formed and has allowed for a temporary stabilisation.

Supports and resistances

1.0100

1.0000

0.9930

0.9704 Last

0.9670

0.9565

0.9460

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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