USD/CHF may fall 55 - 100 pips

Pivot

0.8575

Our preference

Short positions below 0.8575 with targets at 0.8445 & 0.8400 in extension.

Alternative scenario

Above 0.8575 look for further upside with 0.8615 & 0.8665 as targets.

Comment

As long as 0.8575 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8665

0.8615

0.8575

0.8500 Last

0.8445

0.8400

0.8370

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