USD/CHF may fall 36 - 66 pips

Pivot

0.8940

Our preference

Short positions below 0.8940 with targets at 0.8880 & 0.8850 in extension.

Alternative scenario

Above 0.8940 look for further upside with 0.8970 & 0.9000 as targets.

Comment

The break below 0.8940 is a negative signal that has opened a path to 0.8880.

Supports and resistances

0.9000

0.8970

0.8940

0.8916 Last

0.8880

0.8850

0.8820

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