EUR/CHF may fall 17 - 37 pips

Pivot

0.9700

Our preference

Short positions below 0.9700 with targets at 0.9670 & 0.9650 in extension.

Alternative scenario

Above 0.9700 look for further upside with 0.9710 & 0.9720 as targets.

Comment

As long as 0.9700 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9720

0.9710

0.9700

0.9687 Last

0.9670

0.9650

0.9620

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