FX.co ★ blaise.rogahn | USD/CHF

Hello traders! USDCHF In many pairs, there are clear signals today, but in this pair, on the contrary, there is a green range between 0.7665 and 0.7701, which the price usually updates both levels. This means that the system does not have a clear signal. In such moments, I often start monitoring the overall picture and what is being drawn for the dollar. Some people determine based on the index, but I find it more convenient to look at the overall picture of all instruments. And based on the overall picture, there is a strengthening of the dollar today. This means there are more chances for our pair to move north towards 0.7750. However, at 0.7750, we will most likely encounter resistance. But if it breaks through, it is already a hint that it is time for a deeper correction, more precisely, aiming high at around 0.7970. That's the situation, folks.