USD/CHF may fall 18 - 38 pips

Pivot

0.8900

Our preference

Short positions below 0.8900 with targets at 0.8865 & 0.8845 in extension.

Alternative scenario

Above 0.8900 look for further upside with 0.8920 & 0.8940 as targets.

Comment

As long as 0.8900 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8940

0.8920

0.8900

0.8883 Last

0.8865

0.8845

0.8825

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