The USDCHF market is sliding back into bear trending and positioned to attack last Tuesday’s reversal low. A close under 0.9086 projects a larger selling wave to 0.9029. Any corrections trapped inside Friday’s narrow congestion day will maintain bear forces. A close over 0.9148 (SAR) is needed to signal a reversing / bottoming turn.

R2          0.9141
R1          0.9116

S1          0.9080
S2          0.9055