USD/CHF may fall 24 - 39 pips

Pivot

0.8845

Our preference

Short positions below 0.8845 with targets at 0.8805 & 0.8790 in extension.

Alternative scenario

Above 0.8845 look for further upside with 0.8860 & 0.8875 as targets.

Comment

As long as 0.8845 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8875

0.8860

0.8845

0.8829 Last

0.8805

0.8790

0.8775

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