USD/CHF may fall 11 - 26 pips

Pivot

0.9050

Our preference

Short positions below 0.9050 with targets at 0.9030 & 0.9015 in extension.

Alternative scenario

Above 0.9050 look for further upside with 0.9065 & 0.9080 as targets.

Comment

As long as 0.9050 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9080

0.9065

0.9050

0.9041 Last

0.9030

0.9015

0.9000

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