USDCHF AT Support 1.0950

USDCHF failed to break decisively above the 1.10 resistance area and is now testing the support trendline connecint a series of higher lows starting mid July.  First target after the potential break below the indicated support is last weeks low at 1.0840, this level should be a significant bearish target but if this gets broken we see no clear support until the 1.0600 area. USDCHF failed to break decisively above the 1.10 resistance area and is now testing the support trendline connecint a series of higher lows starting mid July.  First target after the potential break below the indicated support is last weeks low at 1.0840, this level should be a significant bearish target but if this gets broken we see no clear support until the 1.0600 area. Conversely a bounce form current levels is going to focus on yesterday’s high at 1.1090 with 1.11 just a few pips away.

[NP][/NP]