USD - Strong Bullish
1️⃣ The dollar index ( DXY ) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales.
2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China.
3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
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Technical
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Buy opportunities for the USDCHF if the price holds above the support level .
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas
1️⃣ The dollar index ( DXY ) rebounded above the 94.00 level on Monday after a rebound in US Treasury bond yields after stronger-than-expected retail sales.
2️⃣ Market sentiment is in a Risk-Off state after disappointing economic data from China.
3️⃣ Recent inflationary pressures forced the Fed to do tapering earlier.
CHF - Weak Bearish
1️⃣ The price value on EUR/CHF is currently under SNB monitoring, which could lead to the central bank’s intervention at any time.
=====
Technical
=====
Buy opportunities for the USDCHF if the price holds above the support level .
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas