A nice opportunity to go long. Its just bouncing around support levels and thee is no logical way its going to push lower. Looking at previous patterns on this, it is likely to keep bouncing between 1.055 and 1.083 a few more times before possibly pushing down to the 1.02 region.
I'm thinking that it may dip slightly lower, consolidate for a few days, then once again try to push up the 1.07 region. Lets see what happens- Happy Trading !
Lest We Forget
USDCHF - Long Position - Reversal at next support
Price is hitting the second all time low in 2020, and since hasn't broken below since 2011. There is no real reason for price to break below this so the only way is up. I suggest selling out at 0.91570
