USD/CHF may rise 22 - 37 pips

Pivot

0.8870

Our preference

Long positions above 0.8870 with targets at 0.8910 & 0.8925 in extension.

Alternative scenario

Below 0.8870 look for further downside with 0.8855 & 0.8840 as targets.

Comment

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances

0.8940

0.8925

0.8910

0.8888 Last

0.8870

0.8855

0.8840

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