USD/CHF may fall 16 - 31 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 0.8920 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8950

0.8935

0.8920

0.8896 Last

0.8880

0.8865

0.8850

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