USD/CHF may fall 31 - 51 pips

Pivot

0.8985

Our preference

Short positions below 0.8985 with targets at 0.8935 & 0.8915 in extension.

Alternative scenario

Above 0.8985 look for further upside with 0.9000 & 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

0.9000

0.8985

0.8966 Last

0.8935

0.8915

0.8900

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