USDCHF drops down from 1.1263 and the fall has extended to as low as 1.1069 level. Further fall is still possible to test 1.0977 previous low support, a break below this level will signal deeper decline to 1.0800-1.0900 area. However, the price action from 1.0977 is more likely consolidation of the downtrend from 1.1740, as long as 1.0977 support holds, we’d expect uptrend to resume and one more rise towards 1.1300 is still possible.
