USDCHF Daily Analysis – February 14, 2014

USDCHF broke below 0.8940 support and continued its downward movement from 0.9081. Further decline could be expected, and next target would be at 0.8850 area. Resistance is at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.

usdchf chart