The institutional price level of 1.21000 is a very significant level since it's a quarterly low. The price has been on an uptrend forming Bullish Orderblocks which are being respected by price.
I am anticipating that the Bearish OB which the price is at now will also be taken out so that the buyers can take the price up to the equal highs at level 1.26020.
Also, according to the global rates, the pound is stronger than the Swiss Franc. The pound is at 0.75% while the Swiss is at -0.75%