This pair is known for making double bottoms and double tops before it moves to the intended direction and in edition it is closely negatively correlated with the GBP pairs especially GBPCHF. Price has failed to break the 0.84920 level making a slight false break out to the downside and currently it is clear that price has now been established for an uptrend, We will be targeting the 61.8 level on the fib retracement having pulled it from the 0.91550 level to the previously created low.