It’s hard to justify selling at historic lows but it’s also impossible to justify buying when a chart has broken through a floor, which EUR/CHF did on the fall below 1.4300. We are now in wave 5 of a longer term down trend and this move has scope to fall to the low 1.30’s. Initial resistance on a very short term scale is at 1.4300 with 1.4620, a former basing level, behind there.
