USDCHF broke below 1.1017. Further fall towards 1.0890 previous low is still possible next week, a break below this level will signal the resumption of the long term down trend. Near term resistance is at 1.1189 level.
For long term analysis, the previous low support at 1.0890 may be tested next week, a break below this level will signal the resumption of the long term down trend and further fall towards 0.9000 area is expected to follow. On the other side, if 1.0890 support holds, rebound towards 1.2000 area to reach the next cycle top on weekly chart can be seen.
