DAILY FORECAST FOR USDCHF
Bias: Until 1.1124-32 breaks there does seem more risk for a correction lower
The 1.1124 high is quite critical and while this caps (allow for 1.1132) the risk does seem higher for a correction. A clear break level is not obvious but I suspect a drop through this morning's low at 1.1070 will assist down to 1.1030-50 and a break here would allow a choppy decline. Note support areas around 1.0944-75, at 1.0912 and the most we should see is 1.0869. Only below 1.0850 would imply a stronger push back lower with next support at 1.0747.
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