USD/CHF may fall 20 - 50 pips

Pivot

0.8990

Our preference

Short positions below 0.8990 with targets at 0.8930 & 0.8900 in extension.

Alternative scenario

Above 0.8990 look for further upside with 0.9010 & 0.9030 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

0.9030

0.9010

0.8990

0.8950 Last

0.8930

0.8900

0.8880

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