USD/CHF may fall 8 - 28 pips

Pivot

0.8890

Our preference

Short positions below 0.8890 with targets at 0.8865 & 0.8845 in extension.

Alternative scenario

Above 0.8890 look for further upside with 0.8900 & 0.8915 as targets.

Comment

As long as 0.8890 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8915

0.8900

0.8890

0.8873 Last

0.8865

0.8845

0.8825

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