USD/CHF may fall 34 - 64 pips

Pivot

0.9050

Our preference

Short positions below 0.9050 with targets at 0.9000 & 0.8970 in extension.

Alternative scenario

Above 0.9050 look for further upside with 0.9075 & 0.9100 as targets.

Comment

As long as the resistance at 0.9050 is not surpassed, the risk of the break below 0.9000 remains high.

Supports and resistances

0.9100

0.9075

0.9050

0.9034 Last

0.9000

0.8970

0.8950

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