You would be well advised to confirm the breakout that has just occurred – do you believe the move through support to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 0.7967 but consider reducing the size of your position as the price gets closer to that target.
USDCHF has broken through support of a Descending Triangle. It has touched this line at least twice in the last 30 days.
