USD/CHF may fall 16 - 31 pips

Pivot

0.8855

Our preference

Short positions below 0.8855 with targets at 0.8825 & 0.8810 in extension.

Alternative scenario

Above 0.8855 look for further upside with 0.8870 & 0.8890 as targets.

Comment

As long as 0.8855 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

0.8890

0.8870

0.8855

0.8841 Last

0.8825

0.8810

0.8795

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