USDCHF recently reversed down with the daily Evening Star reversal pattern from the resistance area set between the pivotal resistance level 0.91600 (which has been reversing the price from last month) and the upper daily Bollinger Band. Given the strong overriding downtrend and the uptrend and the widespread CHF optimism seen today across she currency markets – USDCHF is likely to fall further in the active impulse wave (iv) toward the next round support level 0.90000 (low of the daily Morning Star from last month).
