After end up a week with the USD gaining some power. I believe its time for a correction and this week we are approaching some opportunities. What we have in the USDCHF asset is a retest on a downtrend that is alerting us for a possible sell. With this retest and expecting a stronger Euro, I’m personally looking to sell the asset thinking that the price as room to fall until the 0.974.. price level.
Note: Has you may noticed I have refer the Euro currency and that is because the EURUSD asset is highly anti-correlated with the USDCHF... so, we may see a buying pressure on the EURO/USDollar over the week...
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