USDCHF correction completed, pair likely to track EURUSD
There will be much discussion about President Trump’s tariff policy over the next day or so. But next week, US dollar traders will turn to more immediate issues, in particular the European Central Bank meeting next Thursday and the FOMC meeting a couple of weeks later.
Yesterday’s Eurozone flash inflation estimate (core holding at 1% year-on-year) all but confirms there will be little change to the steady as she goes guidance the ECB has given in recent post-meeting statements.
Management and risk description
The dollar’s rally from my 0.9200/0.9185 target area has peaked right at key head and shoulders neckline resistance yesterday (see weekly chart below).
Entry: The dollar is seen as a sell at 0.9440/0.9455 today.
— Edited by Robert Ryan
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