USD/CHF may fall 35 - 55 pips

Pivot

0.8945

Our preference

Short positions below 0.8945 with targets at 0.8900 & 0.8880 in extension.

Alternative scenario

Above 0.8945 look for further upside with 0.8965 & 0.8980 as targets.

Comment

As long as the resistance at 0.8945 is not surpassed, the risk of the break below 0.8900 remains high.

Supports and resistances

0.8980

0.8965

0.8945

0.8935 Last

0.8900

0.8880

0.8850

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