EUR/CHF may fall 32 - 67 pips

Pivot

0.9650

Our preference

Short positions below 0.9650 with targets at 0.9600 & 0.9565 in extension.

Alternative scenario

Above 0.9650 look for further upside with 0.9665 & 0.9680 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.9680

0.9665

0.9650

0.9632 Last

0.9600

0.9565

0.9550

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