USD/CHF may fall 12 - 27 pips

Pivot

0.8890

Our preference

Short positions below 0.8890 with targets at 0.8860 & 0.8845 in extension.

Alternative scenario

Above 0.8890 look for further upside with 0.8905 & 0.8925 as targets.

Comment

The break below 0.8890 is a negative signal that has opened a path to 0.8860.

Supports and resistances

0.8925

0.8905

0.8890

0.8872 Last

0.8860

0.8845

0.8830

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