USD/CHF may fall 15 - 25 pips

Pivot

0.8985

Our preference

Short positions below 0.8985 with targets at 0.8955 & 0.8945 in extension.

Alternative scenario

Above 0.8985 look for further upside with 0.9005 & 0.9020 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.9020

0.9005

0.8985

0.8970 Last

0.8955

0.8945

0.8930

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