USD/CHF may fall 29 - 49 pips

Pivot

0.8840

Our preference

Short positions below 0.8840 with targets at 0.8780 & 0.8760 in extension.

Alternative scenario

Above 0.8840 look for further upside with 0.8860 & 0.8875 as targets.

Comment

The break below 0.8840 is a negative signal that has opened a path to 0.8780.

Supports and resistances

0.8875

0.8860

0.8840

0.8809 Last

0.8780

0.8760

0.8745

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