USD/CHF: Opportunity to trade Long!

Fall in Factory orders (May), Average Earning Hours (May), increase in the Unemployment rate (May) and a fall in the Trade Balance (June) are the major factors due to which the USD plunged heavily over the last two months. The pair is in a downward trend since the last 4 months and is now trading near the 7 month support line of 1.0595. On the daily outlook, there is a clear double bottom formation and the stochastic oscillator is moving just above the oversold line. The pair is respecting the