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Sat, Apr 20, 2024

EURUSD and USDCHF Inverse Correlation Analysis

EURUSD is standing at the bottom level (higher low) of the trendline.

Opposite to EURUSD, the USDCHF is standing at the top level (higher high) of the trendline.

usdchf reached the higher high zone of an uptrend

USDCHF standing now at the top and EURUSD standing at the bottom level. This shows the inverse correlation chart setups.

Inverse correlation means If the EURUSD goes down, then USDCHF will move up.

EURUSD and USDCHF are the inverse correlated asset for a long time.

Euro Currency

Euro Currency all denomination notes and coins

EURO prices remain lower as US Dollar prices higher.

The Vaccinations are still Progressing slowly in Euro, and this may drag Euro in the near term.

Global worries are reducing due to vaccine distribution

coronavirus injection to group of people

US Dollar moves higher against Swiss Franc as Global worries now calm down as Vaccination progressing well in the US.

Joe Biden’s trillion $ package pushes the US Dollar to get strong.

And US GDP will come in a positive result as Vaccination package issued this month.

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