GabrielEspinoza

USDCHF is still Bearish, here is why!

FX:USDCHF   U.S. Dollar / Swiss Franc
The NFP was overall positive for the USD, but I believe we still have a bearish sentiment in the currency. If the sentiment would have changed we would have had an impulsive break of trend which we didn't have, we also have a market gap between the 0.9780 and the 0.9770 area which is more likely going to be filled with the market at least going back to that area. Just one positive new doesn't really affect the overall sentiment of a currency, we would need to see more positive data to actually consider a bullish dollar.
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