USD/CHF may fall 25 - 45 pips

Pivot

0.8810

Our preference

Short positions below 0.8810 with targets at 0.8755 & 0.8735 in extension.

Alternative scenario

Above 0.8810 look for further upside with 0.8830 & 0.8850 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

0.8850

0.8830

0.8810

0.8780 Last

0.8755

0.8735

0.8720

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