USD/CHF may fall 23 - 38 pips

Pivot

0.8875

Our preference

Short positions below 0.8875 with targets at 0.8825 & 0.8810 in extension.

Alternative scenario

Above 0.8875 look for further upside with 0.8890 & 0.8905 as targets.

Comment

As long as the resistance at 0.8875 is not surpassed, the risk of the break below 0.8825 remains high.

Supports and resistances

0.8905

0.8890

0.8875

0.8848 Last

0.8825

0.8810

0.8790

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