EUR/CHF may fall 30 - 55 pips

Pivot

0.9510

Our preference

Short positions below 0.9510 with targets at 0.9475 & 0.9450 in extension.

Alternative scenario

Above 0.9510 look for further upside with 0.9545 & 0.9565 as targets.

Comment

As long as the resistance at 0.9510 is not surpassed, the risk of the break below 0.9475 remains high.

Supports and resistances

0.9565

0.9545

0.9510

0.9505 Last

0.9475

0.9450

0.9430

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