USD/CHF has broken and closed below previous major support so the path of least resistance remains down. The levels to watch on the topside are at .9310/20 and as long as we are below there, the outlook is bearish.
EUR/CHF on the other hand ran into the “Swiss mafia” buying between 1.2700-25 (and you can’t say I didn’t give you plenty of warning that they were there!!) I prefer to buy dips here with a fairly tight stops below 1.2675ish.
The conclusion of this analysis would seem to be that we should be buying dips in the EUR/USD.
