USDCHF Nearer Term Downtrend Remains Intact, Risk Points To .50 Fib Ret.
Although the pair is now seen hesitating, it continues to maintain its downside bias nearer term suggesting trend continuation should follow. In such a case, the 0.9063/75 level, its Nov 30'2011 low/.50 Fib Ret (0.8558-0.9591 rally) will be targeted where a violation will extend price weakness...
FF News: Technical