Possible sell on the USDCHF weekly timeframe

31 Mar 2021

The USD has been on a strong buy since the increase in the US bond yield and the US economy artificial recovery, the US gov have been printing a lot of Dollar and pumping it into the US economy, this excess printing has a negative effect as it will accelerate the devaluation of the dollar and also pumping so much money into the economy rings a bell for inflation as we will be expecting the inflation bubbles to burst, with all this economic red flags spotted we'll be expecting this to support a sell on the pair as we see market approaching the 61% retracement line, all we will be looking out for is the presence of sellers around that region.