USD/CHF may fall 21 - 41 pips

Pivot

0.8930

Our preference

Short positions below 0.8930 with targets at 0.8880 & 0.8860 in extension.

Alternative scenario

Above 0.8930 look for further upside with 0.8945 & 0.8965 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

0.8965

0.8945

0.8930

0.8901 Last

0.8880

0.8860

0.8850

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