Tanalys

EUR/CHF ST: further upside.

Pivot: 1.052

Our preference: Long positions above 1.052 with targets @ 1.14 1.2 in extension.

Alternative scenario: Below 1.052 look for further downside with 1.022 0.97 as targets.

Comment: The pair is supported by its ascending 20 and 50-day moving averages.

Supports and resistances:

1.24 **

1.2 ***

1.14 *

1.0884 Last

1.052 ***

1.022 **

0.97 *

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