USD/CHF may fall 15 - 35 pips

Pivot

0.8870

Our preference

Short positions below 0.8870 with targets at 0.8825 & 0.8805 in extension.

Alternative scenario

Above 0.8870 look for further upside with 0.8890 & 0.8905 as targets.

Comment

As long as the resistance at 0.8870 is not surpassed, the risk of the break below 0.8825 remains high.

Supports and resistances

0.8905

0.8890

0.8870

0.8840 Last

0.8825

0.8805

0.8790

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