CHF at Critical Level

Looking at the weekly chart you can see the low made in May 2006.

Taking a look at the 15 minute chart, you can see that a bounce off the 62% has occured and the pair now looks poised to fall below that level within the next few hours. Sell order at 1.1956.

If 1.1922 can be broken, it could go far, fast. That may not happen until next week.