The UsDollar/CHFranc Retest Downtrend... Price Overbought
Hello everyone,
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...
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...