SynapseTrading

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

Short
FX:USDCHF   Dollar américain / Franc suisse
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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