USD/CHF may fall 25 - 45 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 0.8915 & 0.8930 as targets.

Comment

As long as the resistance at 0.8900 is not surpassed, the risk of the break below 0.8865 remains high.

Supports and resistances

0.8930

0.8915

0.8900

0.8890 Last

0.8865

0.8845

0.8825

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