USDCHF Breakout and Potential Retrace
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88100 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88100 support and resistance area.
Adding a fundamental layer there is a contradictory between the inflation in the US and in Switzerland, Fed is concerned about the inflationary pressure and heading towards a rate hike meanwhile it's easing in Switzerland.
Trade safe, Joe.
Adding a fundamental layer there is a contradictory between the inflation in the US and in Switzerland, Fed is concerned about the inflationary pressure and heading towards a rate hike meanwhile it's easing in Switzerland.
Trade safe, Joe.
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