USD/CHF may fall 28 - 53 pips

Pivot

0.8835

Our preference

Short positions below 0.8835 with targets at 0.8775 & 0.8750 in extension.

Alternative scenario

Above 0.8835 look for further upside with 0.8860 & 0.8875 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

0.8875

0.8860

0.8835

0.8803 Last

0.8775

0.8750

0.8700

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