USD/CHF may fall 3 - 18 pips

Pivot

0.8970

Our preference

Short positions below 0.8970 with targets at 0.8950 & 0.8935 in extension.

Alternative scenario

Above 0.8970 look for further upside with 0.8980 & 0.8995 as targets.

Comment

As long as the resistance at 0.8970 is not surpassed, the risk of the break below 0.8950 remains high.

Supports and resistances

0.8995

0.8980

0.8970

0.8953 Last

0.8950

0.8935

0.8920

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