FX.co ★ Daily analysis of USD/CHF for June 5, 2018

USD/CHF

The bias on the market has remained unchanged (bearish), and the market did virtually nothing on Monday. USD/CHF has been moving downwards in the past few weeks; which was an unusual thing, considering the fact that it usually goes in a negative correlation with EUR/USD.

However, the situation will change this week, as USD is expected to begin gathering stamina at some point (before the end of the week). This would aid a strong bullish reversal in USD/CHF and put more bearish pressure on EUR/USD. The bearish outlook on the USD/CHF is supposed to hold on for some time, until USD would be able to gather energy.