USD/CHF may rise 25 - 40 pips

Pivot

0.8800

Our preference

Long positions above 0.8800 with targets at 0.8860 & 0.8875 in extension.

Alternative scenario

Below 0.8800 look for further downside with 0.8785 & 0.8775 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

0.8900

0.8875

0.8860

0.8835 Last

0.8800

0.8785

0.8775

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