EUR/CHF may fall 21 - 41 pips

Pivot

0.9705

Our preference

Short positions below 0.9705 with targets at 0.9670 & 0.9650 in extension.

Alternative scenario

Above 0.9705 look for further upside with 0.9720 & 0.9740 as targets.

Comment

As long as 0.9705 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9740

0.9720

0.9705

0.9691 Last

0.9670

0.9650

0.9620

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