The USDCHF is building to put the squeeze on short sellers

We see a lot of fuel built up through our proprietary indicator that suggests we may see a short squeeze on the sellers and spike higher on the USDCHF. A lot of sellers have jumped into sell up around the 0.9884 zone but if higher lows continue to hold and strength comes into the USD, we expect all the sellers will be fuel for price to squeeze up to the top end of a key OfferZone around 1.0012. Watch for further higher lows to hold for the buy entry setup to play out and the action to kick off.

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