If this trendline and important psychological price 1.67 can hold, we might be able to see it climb up to create a right shoulder.
It is now retesting the downward trend line and 0.786 fib. The price now is still in demand zone.
SL and target are on the graph. Take care.
This could be a long term trade, waiting for it to retrace 0.618 level, and then long it to the moon.
This is my personal opinion, a short term long and a mid-long term short.
After H&S Pattern breaks, it has the chance to break tunnel. Get some attention on rate decision.
As long as USDCHF breaks the upside resistance, long it.