The dollar index (DXY) is trading solidly above the 104 level on its way up to the next resistance. The 105 mark has been support or resistance again and again in recent months and should be of interest. In this respect I advise to watch that treshold carefully. Since the low on 2 February, the dollar has already gained a few percent and it might make sense to take profit in direction of this level. In any case, I advise against new dollar longs just before the 105 mark.
EURUSD -- 1.0594
Although the euro is now trading below the 50 ema (1.0674 = resistance now), I do not currently see this as a confirmation that it will go much lower directly. Anyway there is still some room to the downside, so I recommend taking profit around 1.0540/20 at the latest. The move down from 1.1000 was not bad for now. Nevertheless, I remain bearish on the euro in the medium and long term. But rarely do the big moves happen in one go.
GBPUSD -- 1.2030
After testing the 200-day line last Friday, the pound managed to get back above the 1.2000 level. However, this week's recovery was already over at the 50 ema and the mid Bollinger band. I had hoped for the currency pair to go a little higher. At current spot level, the pound is trading pretty much in the middle of the range set by the 200 dma (1.1934) and the mid Bollinger band (1.2132). Therefore, I am cautious for now, even though I think the downside is the more likely scenario.
USDCHF -- 0.9321
The break of the 50 ema without a previous test of the supports has surprised me. However, there were also helpful comments from the SNB pointing out to continue to closely monitor the exchange rate. Yes, what else? In any case, the short scenario is over here for the time being. In the large 0.9115 / 1.0065 range, the currency pair now has plenty of room to the upside. So betting on a false breakout above the 50 ema could be expensive.
Good luck,
Sebbo