$USDCHF battling for direction

The bullish breakout of recent months in $USDCHF has lost steam and clarity, but the long-term picture is still intact. Here the monthly chart:


Zooming in to the weekly timeframe we see that the initial explosive up move has flattened out and actually built up bearish momentum. Short-term I expect some more pressure on this pair until bulls and bears face each other around 0.95 - 0.96.



* Ideas expressed here are just my opinions and certainly no investment advice.

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