It looks as though even though USDCHF had a potentially bullish week last week with a longish lower shadow and even though there was a bull flag on the daily chart that targeted 1.0388, the pair is getting beaten up this morning. .9486 was the .618 retracement of the move up to .9784 and the low this morning so far is .9473.
Closing below .9432/19 threatens a return to .9300 and brings back into play price targets for additional lows.
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