USD/CHF may fall 23 - 38 pips

Pivot

0.8920

Our preference

Short positions below 0.8920 with targets at 0.8880 & 0.8865 in extension.

Alternative scenario

Above 0.8920 look for further upside with 0.8935 & 0.8950 as targets.

Comment

As long as the resistance at 0.8920 is not surpassed, the risk of the break below 0.8880 remains high.

Supports and resistances

0.8950

0.8935

0.8920

0.8903 Last

0.8880

0.8865

0.8850

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