The USD/CHF pair fell during the course of the week, testing the bottom of the hammer from the previous week. We still see quite a bit of support near the 0.90 level, which is also the 61.8% Fibonacci retracement level from the massive bounce higher.

PIVOT POINTS WEEKLY

S3        S2        S1        P          R1       R2      R3

0.8630 0.8920 0.9040 0.92 0.9310 0.9480 0.9760

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk