USD/CHF may fall 20 - 35 pips

Pivot

0.8870

Our preference

Short positions below 0.8870 with targets at 0.8815 & 0.8800 in extension.

Alternative scenario

Above 0.8870 look for further upside with 0.8900 & 0.8915 as targets.

Comment

The break below the support at 0.8870 triggered a downward acceleration to 0.8800.

Supports and resistances

0.8915

0.8900

0.8870

0.8835 Last

0.8815

0.8800

0.8770

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