USD/CHF plummets under 0.9294

The currency couple has declined back below the falling trend-line, closing beneath 0.9294. This means that a recent breakout may have been a false one, though short-run indicators continue giving "buy" signals. Accordingly, there is a need of confirmative price action before a more accurate scenario could be estimated, but the current bias is positive.

Traders' sentiment is largely unchanged since yesterday, being that the attitude of market participants is neutral towards USD/CHF, with 53% of positions long and with 47% short. The share of buy orders placed on the pair is 60%, while the sell ones constitute 40% of the total amount.