EUR/CHF may fall 30 - 50 pips

Pivot

0.9720

Our preference

Short positions below 0.9720 with targets at 0.9670 & 0.9650 in extension.

Alternative scenario

Above 0.9720 look for further upside with 0.9740 & 0.9770 as targets.

Comment

As long as the resistance at 0.9720 is not surpassed, the risk of the break below 0.9670 remains high.

Supports and resistances

0.9770

0.9740

0.9720

0.9700 Last

0.9670

0.9650

0.9620

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