$USDCHF Might goes further down.

After eight years of uptrend we might see another dip in this pair. Please be aware that Fib .618 is not confirmed at this one and in order to be confirmed has to go to 1.054xx area and start the decline. It might never confirm considering the latest developments on the market and this could potential result in rapid downtrend. If the uptrend continue to 1.054xx it will be even better confirmation in terms of Fib. However, the technical indicators such as Fibonacci (except 100MA) and classical patterns such as pennant with the dashed blue line, show this as an downtrend. I extrapolated the price to 0.14xx area where Fib1.618 is. This fundamentally is unbelievable but in the last 30 years USD dropped from 3.xx range to 0.90xx range which is more than 300% percent so what will prevent another 100% in the next 8 - 10 years?