The recent announcement from the SNB (to set the Swiss Franc at minimum 1,20 against the Euro) has at last allowed a significant bounce on the pair which also benefits from the Dollar relative strengh.
We expect a continuation of the move on the USD/CHF with a next key resistance at 0,90. An acceleration above this level would open the door to a test of parity over the coming weeks.
It is recommended though to enter long at current price level. A buy on dips strategy is always a better approach.