Remember the pre-2015 levels? The uncapped by the Swiss Central Bank levels? I think this pair now is trying to naturally re-test those levels again. The 1.20 and 1.25 could be re-tested again. I have this gut feeling, that we will see 1.20 by the end of this year, and maybe 1.25 in the next.
The explosion of this pair last week indicated, that we will probably see some follow up moves to the upside.
The Swiss Central Bank did already come out with news of lower growth levels, due to strong Franc. So I think that we could see some future manipulation in order to lift those growth levels.
And also,if looking at the Monthly chart, we just had a nice pop to the upside from a squeeze, which is really a nice bull sign.
But then again, this is just speculation from my side.
Keep an eye on the price action!
The explosion of this pair last week indicated, that we will probably see some follow up moves to the upside.
The Swiss Central Bank did already come out with news of lower growth levels, due to strong Franc. So I think that we could see some future manipulation in order to lift those growth levels.
And also,if looking at the Monthly chart, we just had a nice pop to the upside from a squeeze, which is really a nice bull sign.
But then again, this is just speculation from my side.
Keep an eye on the price action!
