Tanalys

USD/CHF Intraday: bullish bias above 0.892.

Pivot: 0.892

Our preference: Long positions above 0.892 with targets @ 0.8955 0.8975 in extension.

Alternative scenario: Below 0.892 look for further downside with 0.8905 0.8895 as targets.

Comment: Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

Supports and resistances:

0.899

0.8975

0.8955

0.8931 Last

0.892

0.8905

0.8895

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