USDCHF : Fundamental view

Technically, USDCHF formed several hammers in the past few days, or similar indecision patterns to move below this area. Also, price is now at 61.8 fibo retracement from last bullish impulse.

But here the main rationale to open a long position is a fundamental view. Fed with prospects to increase rates while SNB with negative rates at -0.75% . So who wants to hold a deposit in CHF ? Once panic and fear is evaporated with positive economic data, the CHF should be converted in other currencies with less costs to hold.

I´m long at current levels with SL @ 0.922 on a daly close