According to 4H and Daily chart, up trend started. And this pair recovers Fibo 50%. Moreover, it was beyond Fibo 61.8% today. Thus, it may have a strong upside potentiality. But it has to go over 200 SMA of 4H and 100 SMA of Daily before reaching there.
I agree with your bullish view on USDCHF. Our trading signal idea is also of the same bias. If USDCHF breaks out of its overlap resistance at 0.9790, it will confirm the move up. Here’s our idea!