USDCHF is in down trend. The fall from 1.1891 extended to as low as 1.1144. Further fall towards 1.1000 is still possible in the next several days. Near term resistance is at 1.1260 and key resistance is at 1.1298, only break above 1.1298 level will signal the reversal to the down trend.
http://blog.forexcycle.com/649/short...ember-20-2007/