USD/CHF Analysis (August 10)

The pair has accelerated its move to the downside very quickly yesterday after Fed Charman speak. It has made a new record low at 0,7070.
Nobody is trying to predict any form of bottom anymore and the Swiss National bank officials don’t even talk about their currency over-extended move.
Sooner or later, the bounce will be quite impressive but we are traders and not fortune-tellers. We continue to hold a bearish prospect until proven otherwise.