This pair is just in accumulation phase now. Possible HS pattern in play with bearish outcome.
I was expecting a strong bounce at 1.03 and it happened but it quickly reversed. This weekly candle's so far having a rejection from the top so bears remain in control yet.
Remember that CHF is considered a safe haven (Russia - Ukraine tensions).
STAY SAFE. Cheers
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Idea cancelles as ECB may be soon hiking interest rates and new scenario needs to be reconsidered. CHF continues to remain SAFE HAVEN.