USD/CHF may fall 33 - 48 pips

Pivot

0.8970

Our preference

Short positions below 0.8970 with targets at 0.8930 & 0.8915 in extension.

Alternative scenario

Above 0.8970 look for further upside with 0.8990 & 0.9005 as targets.

Comment

As long as 0.8970 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9005

0.8990

0.8970

0.8963 Last

0.8930

0.8915

0.8900

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