USDCHF at the higher high zone (top) of the uptrend line

USDCHF has reached a higher high zone of the uptrend line.

Let’s wait for the confirmation of reversal or breakout. US Dollar remains strong. USDCHF is bouncing up with strong buyers.

Instead of selling USDCHF, it’s better to wait for buying at the higher low zone of this uptrend line.

US Dollar climb higher

US dollar jumping money growth in currency notes

US House of representatives makes Votes on this Friday as Announced for a $1.9 Trillion Package.

This package helps the American people and Small Businesses.

US Dollar climbed higher after News released.

In the Fed’s semi-annual monetary policy meeting, Powell’s stated that “the economy is a long way from our employment and inflation goals”, and the Outcome of this testimony was more uncertain for US Dollar.

The unemployment rate remains high at 6.5% versus 3.5% at the Pre-pandemic level.

And the inflation rate now seems high and taper the asset purchases and more to recover the Jobless situation.

Americans employed was Plunged to 57.5% from 61%. Hence more Stimulus deployed is the only solution to overcome now Pandemic economy to Stable economy.

Get Each trading signal with Chart Analysis and Reason for buying or selling the trade which helps you to Trade with confidence on your trading account.

Want to increase your profits in trading? Get the best trading signals at an accurate time. Try premium or supreme signals now: forexgdp.com/forex-signals/

 

FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

FOREX GDP

Don't trade all time, trade forex only at best setup

X