EUR/CHF may fall 17 - 24 pips.

EUR/CHF may fall 17 - 24 pips.

Our pivot point is at 0.9238.

Our preference : Target 0.9200 Alternative scenario Above 0.9238, look for 0.9250 and 0.9257.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and positive.

The MACD must penetrate its zero line to expect further downside.

Moreover, the price is below its 20 period moving average (0.9230) but above its 50 period moving average (0.9223).