USD/CHF may fall 16 - 31 pips

Pivot

0.8950

Our preference

Short positions below 0.8950 with targets at 0.8910 & 0.8895 in extension.

Alternative scenario

Above 0.8950 look for further upside with 0.8965 & 0.8980 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

0.8980

0.8965

0.8950

0.8926 Last

0.8910

0.8895

0.8880

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