USD/CHF may fall 25 - 45 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

As long as 0.8840 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8875

0.8860

0.8840

0.8805 Last

0.8780

0.8760

0.8745

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