USD/CHF may fall 46 - 76 pips

Pivot

0.8820

Our preference

Short positions below 0.8820 with targets at 0.8750 & 0.8720 in extension.

Alternative scenario

Above 0.8820 look for further upside with 0.8845 & 0.8860 as targets.

Comment

As long as 0.8820 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8860

0.8845

0.8820

0.8796 Last

0.8750

0.8720

0.8700

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