EUR/CHF may fall 24 - 49 pips

Pivot

0.9560

Our preference

Short positions below 0.9560 with targets at 0.9505 & 0.9480 in extension.

Alternative scenario

Above 0.9560 look for further upside with 0.9585 & 0.9605 as targets.

Comment

As long as 0.9560 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9605

0.9585

0.9560

0.9529 Last

0.9505

0.9480

0.9450

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