USDCHF Continuation

USDCHF has breached under the 1.09 support thus breaking outside the range. Now the 1.09 is considered short time resistance and as seen on the 1 hour chart below this view is also confirmed by a trendline connecting lower highs frm the last couple of days. First target of this bearish move is the 1.0800 area although taking out yesterday’s low is going to be difficult this morning. USDCHF has breached under the 1.09 support thus breaking outside the range. Now the 1.09 is considered short time resistance and as seen on the 1 hour chart below this view is also confirmed by a trendline connecting lower highs frm the last couple of days. First target of this bearish move is the 1.0800 area although taking out yesterday’s low is going to be difficult this morning.

[NP][/NP]