The Greenback is gaining as per our bullish USD call but we would like to see more upside momentum in the USDCHF! Although the EURUSD continues to slide, the USDCHF is stalling at critical short term resistance. A confident break above 0.8946 would validate its Cup & Handle pattern (basin/bullish pattern) and signal that a USD bottom is in place. Keep an eye on the USDCHF.
1. EURUSD & USDCHF – 4hr Charts: We need the USDCHF to confirm the EURUSD weakness for more broad-based USD strength!
