I have taken a short position on USDCHF today due to the confluence of several factors:
Supply zone: The price of the pair has reached a supply zone, indicating increased selling pressure and a high probability of price decline.
Technical analysis: Technical analysis confirms the presence of the supply zone and suggests a potential depreciation of USDCHF in the coming hours.
Fundamental analysis: Recent economic data from the United States and Switzerland suggests a possible divergence in economic growth prospects, which could weaken the USD against the CHF.
Supply zone: The price of the pair has reached a supply zone, indicating increased selling pressure and a high probability of price decline.
Technical analysis: Technical analysis confirms the presence of the supply zone and suggests a potential depreciation of USDCHF in the coming hours.
Fundamental analysis: Recent economic data from the United States and Switzerland suggests a possible divergence in economic growth prospects, which could weaken the USD against the CHF.