USD/CHF Technical Analysis

(0,9125) The USD/CHF failed to confirm the small positive day reversal extending instead the decline already toward 0,9110 area. Possible a move below 0,9100 suggesting a test of the 0,9040 area. The indicators of the daily chart are still well negative keeping the dollar under pressure. The indicators of the s/t ones are also well negative this morning supporting further weakness that could lead to a 0,9100 undershooting form where we expect however a firm rebound with the 200 hours line at 0,9257 the possible attraction. We stay on the sideline.

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