EUR/CHF may rise 23 - 48 pips

Pivot

0.9525

Our preference

Long positions above 0.9525 with targets at 0.9570 & 0.9595 in extension.

Alternative scenario

Below 0.9525 look for further downside with 0.9505 & 0.9475 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.9605

0.9595

0.9570

0.9547 Last

0.9525

0.9505

0.9475

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