USD/CHF may fall 37 - 57 pips

Pivot

0.8925

Our preference

Short positions below 0.8925 with targets at 0.8850 & 0.8830 in extension.

Alternative scenario

Above 0.8925 look for further upside with 0.8945 & 0.8970 as targets.

Comment

The break below the support at 0.8925 triggered a downward acceleration to 0.8830.

Supports and resistances

0.8970

0.8945

0.8925

0.8887 Last

0.8850

0.8830

0.8800

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