USDCHF drops down from 1.1263 and the fall has extended to as low as 1.1069 level. Further fall is still possible to test 1.0977 previous low support, a break below this level will signal deeper decline to 1.0800-1.0900 area. However, the price action from 1.0977 is more likely consolidation of the downtrend from 1.1740, as long as 1.0977 support holds, we€™d expect uptrend to resume and one more rise towards 1.1300 is still possible.