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USD/CHF (Daily chart) - Bears Stepping In?

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Dollar A.S. / Franc Swiss (FX:USDCHF)  
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FX:USDCHF   Dollar A.S. / Franc Swiss
Trend Analysis Chart Patterns Beyond Technical Analysis USDCHF usd-chf Forex forexsignals forextrading priceaction synapsetrading
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trendanalysis chartpattern beyondta usdchf usd-chf forex forexsignals forextrading priceaction synapsetrading
After hitting key resistance, this pair had a huge bearish engulfing pattern, which is a sign of bears stepping in.

With the US Dollar Index also hitting a roadblock, it seems like we will see a temporary (or long-term?) decline in the USD, at least till the NFP later today.

I would rather be short than long at this point of time.

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