By ForexMansion.com
The USD/CHF pair has broken past all signs of support, and is currently on its way towards the 0.88 handle, and possibly lower. The previous rectangle measured 500 pips, and that is where the technicals are leading us – 500 pips below the break out. With the weekly candle closing so bearishly, there is really no reason to buy this pair yet, and all rallies are simply chances to sell again until we close above the 0.93 handle.
