USDCHF – In line with EURUSD

You know that the USDCHF has a negative correlation with the EURUSD, we know that the EURUSD is bullish, and according to the long term analysis, we now know that the USDCHF is bearish:

I will be looking for short opportunities in the USDCHF. The next LT support level is around 0.9969, just below the parity.

One thing to take in consideration though is the US interest rate announcement, you know its one of the most important announcement in the Forex market, and the sentiment of the market could change in a blink of an eye.

Trade Safe!

Raul Lopez
Forex Training

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .