At the weekend USDCHF dropped sharply to as low as 0.8800 in thin trading but then quickly recovered. After all, short term outlook remains bearish and the pair is expected to fall deeper. Continuous trading is under long-term target of 0.8926 will open the way to the next level at 0.8865. Meanwhile, break of 0.8935 is needed to indicate short term bottoming and maintain a bearish opportunity again.


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