USD/CHF may fall 28 - 58 pips

Pivot

0.8805

Our preference

Short positions below 0.8805 with targets at 0.8735 & 0.8705 in extension.

Alternative scenario

Above 0.8805 look for further upside with 0.8830 & 0.8855 as targets.

Comment

As long as 0.8805 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8855

0.8830

0.8805

0.8763 Last

0.8735

0.8705

0.8685

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