USD/CHF may fall 25 - 55 pips

Pivot

0.8985

Our preference

Short positions below 0.8985 with targets at 0.8930 & 0.8900 in extension.

Alternative scenario

Above 0.8985 look for further upside with 0.9010 & 0.9035 as targets.

Comment

As long as 0.8985 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9035

0.9010

0.8985

0.8955 Last

0.8930

0.8900

0.8880

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