USD/CHF may fall 12 - 27 pips

Pivot

0.8995

Our preference

Short positions below 0.8995 with targets at 0.8965 & 0.8950 in extension.

Alternative scenario

Above 0.8995 look for further upside with 0.9010 & 0.9025 as targets.

Comment

As long as 0.8995 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.9025

0.9010

0.8995

0.8977 Last

0.8965

0.8950

0.8935

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