USD/CHF opened with a gap down today and dropped as much as 0.9598 level, much below the 0.9617 yesterday’s low. Price has come back and closed the minor gap, but is premature to say that will climb higher in the upcoming hours because is under massive selling pressure.
A breakdown below the warning line (WL2) looks imminent after the failure to reach and retest the 250% Fibonacci line (ascending dotted line). Only some good US data could save it from downside, a valid breakdown will signal a drop towards the 0.9498 and towards the 0.9440 static support.
