EUR/CHF may fall 29 - 64 pips

Pivot

0.9665

Our preference

Short positions below 0.9665 with targets at 0.9600 & 0.9565 in extension.

Alternative scenario

Above 0.9665 look for further upside with 0.9680 & 0.9710 as targets.

Comment

As long as 0.9665 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9710

0.9680

0.9665

0.9629 Last

0.9600

0.9565

0.9550

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