USDCHF has a 87% correlation with DXY index..
DXY is 57% weighted against EUR,, with the EUR benchmark decision today. And most expectation being that it will remain unchanged + powell speech promising to let inflation ride above 2%. All that point out to a potentially weaker dollar.
on the DXY chart we can also see that the 2018 daily chart pattern neckline has not being retested.. And on USDCHF 0.8800 daily neckline has not being retested dating back 2017/2018.. Expecting both zones to be retested in the coming weeks.. entry has been determined by a potential retest on 0.9150 zone which is the neckline of a double top on 4 hour tf..
DXY is 57% weighted against EUR,, with the EUR benchmark decision today. And most expectation being that it will remain unchanged + powell speech promising to let inflation ride above 2%. All that point out to a potentially weaker dollar.
on the DXY chart we can also see that the 2018 daily chart pattern neckline has not being retested.. And on USDCHF 0.8800 daily neckline has not being retested dating back 2017/2018.. Expecting both zones to be retested in the coming weeks.. entry has been determined by a potential retest on 0.9150 zone which is the neckline of a double top on 4 hour tf..