USD/CHF may fall 13 - 23 pips

Pivot

0.8990

Our preference

Short positions below 0.8990 with targets at 0.8965 & 0.8955 in extension.

Alternative scenario

Above 0.8990 look for further upside with 0.9005 & 0.9020 as targets.

Comment

As long as 0.8990 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9020

0.9005

0.8990

0.8978 Last

0.8965

0.8955

0.8945

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