USD/CHF may fall 22 - 42 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 & 0.8900 as targets.

Comment

As long as 0.8870 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8900

0.8890

0.8870

0.8842 Last

0.8820

0.8800

0.8780

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