USD/CHF may fall 18 - 38 pips

Pivot

0.8870

Our preference

Short positions below 0.8870 with targets at 0.8820 & 0.8800 in extension.

Alternative scenario

Above 0.8870 look for further upside with 0.8890 & 0.8910 as targets.

Comment

The break below 0.8870 is a negative signal that has opened a path to 0.8820.

Supports and resistances

0.8910

0.8890

0.8870

0.8838 Last

0.8820

0.8800

0.8780

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