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EUR/CHF Intraday: under pressure.

2024-03-12
506

Pivot: 0.9605

Our preference: short positions below 0.9605 with targets at 0.9575 & 0.9555 in extension.

Alternative scenario: above 0.9605 look for further upside with 0.9620 & 0.9630 as targets.

Comment: as long as 0.9605 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

0.9630

0.9620

0.9605

0.9590 Last

0.9575

0.9555

0.9545

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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