USD/CHF may fall 23 - 38 pips

Pivot

0.8860

Our preference

Short positions below 0.8860 with targets at 0.8805 & 0.8790 in extension.

Alternative scenario

Above 0.8860 look for further upside with 0.8875 & 0.8890 as targets.

Comment

As long as the resistance at 0.8860 is not surpassed, the risk of the break below 0.8805 remains high.

Supports and resistances

0.8890

0.8875

0.8860

0.8828 Last

0.8805

0.8790

0.8775

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