USD/CHF may fall 20 - 30 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

As long as 0.8985 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9020

0.9005

0.8985

0.8975 Last

0.8955

0.8945

0.8930

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