Euro / Swiss FrancShort
EUR/CHF may fall 39 - 64 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
0.9544 Last
0.9505
0.9480
0.9450
Number of asterisks represents the strength of support and resistance levels.
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
0.9544 Last
0.9505
0.9480
0.9450
Number of asterisks represents the strength of support and resistance levels.
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