EUR/CHF may rise 17 - 32 pips

Intraday: bullish bias above 0.9450.

Pivot

0.9450

Our preference

Long positions above 0.9450 with targets at 0.9485 & 0.9500 in extension.

Alternative scenario

Below 0.9450 look for further downside with 0.9435 & 0.9415 as targets.

Comment

A support base at 0.9450 has formed and has allowed for a temporary stabilisation.

Supports and resistances

0.9515

0.9500

0.9485

0.9468 Last

0.9450

0.9435

0.9415

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

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