EUR/CHF may rise 9 - 29 pips

Pivot

0.9505

Our preference

Long positions above 0.9505 with targets at 0.9545 & 0.9565 in extension.

Alternative scenario

Below 0.9505 look for further downside with 0.9475 & 0.9450 as targets.

Comment

The break above the resistance at 0.9505 triggered an upward acceleration to 0.9545.

Supports and resistances

0.9605

0.9565

0.9545

0.9536 Last

0.9505

0.9475

0.9450

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