EUR/CHF may rise 22 - 37 pips

Intraday: the bias remains bullish.

Pivot

0.9410

Our preference

Long positions above 0.9410 with targets at 0.9445 & 0.9460 in extension.

Alternative scenario

Below 0.9410 look for further downside with 0.9395 & 0.9380 as targets.

Comment

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

Supports and resistances

0.9475

0.9460

0.9445

0.9423 Last

0.9410

0.9395

0.9380

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

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