USD/CHF on the Backfoot?
With US CPI showing signs of cooling and the EUR/USD trading at the highest levels YTD, there is potential for a medium term short on the USD/CHF. There are signs that on a daily 3 of the ribbons are beginning to move in parallel indicating that the current downtrend is strong, However the RSI is dropping slightly below the 30 level on the daily but not on a weekly. First potential target 0.88299, 2nd potential target 0.87580( Both the lowest levels since Jan 2021). Remember always trade safe.
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