FX.co ★ USD/CHF strong support broken, time to turn bearish

Price has broken a previous strong support level and we are now bearish below 1.0045 (multiple overlap resistance, Fibonacci retracement, price action) for a drop to 0.9941 (Fibonacci projection, Fibonacci retracement).

RSI (34) is seeing multiple descending resistance lines holding price down.

Sell below 1.0045. Stop loss at 1.0134. Take profit at 0.9941.