The bearish trend in the USD / CHF pair continues after yesterday’s technical break below 0.9500. The pair is down close to 0.7% today, falling below 0.9400 and reaching low levels last seen in March 2018.
European stocks continue to plunge into the session with losses of nearly 3% across the board. Meanwhile, the dollar is also experiencing problems amid a decline in the Treasury’s yield, pushing the USD / CHF lower by two fronts.
It’s not far from the road to 0.9300 and maybe even 0.9200. It’s not time to grab the falling knife for sure.