EUR/CHF may fall 16 - 31 pips

Pivot

0.9685

Our preference

Short positions below 0.9685 with targets at 0.9660 & 0.9645 in extension.

Alternative scenario

Above 0.9685 look for further upside with 0.9705 & 0.9720 as targets.

Comment

As long as 0.9685 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9720

0.9705

0.9685

0.9676 Last

0.9660

0.9645

0.9635

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