What I see
After the September high, EUR/CHF has been falling, and the daily chart shows a strong downward leg. Price is now at 0.91313, and the D1 support zone between 0.91771 and 0.91967 has been broken. That area is turning from support into resistance.
Key levels
- Resistance (former D1 support): 0.91771–0.91967
- Support 1: 0.91265
- Support 2: 0.90937
My plan
I expect a pullback into the broken zone at 0.91771–0.91967, followed by a continuation lower. The first target is support 1 at 0.91265. If price breaks below that level, I will look for a move down to support 2 at 0.90937.
I would consider the idea weakened if price moves back above the zone and holds above 0.91967.
