The relief rally of the Dollar is over for now. Only just back in the recent range 95.50 / 96.50 it does not look very convincing that the rally could go on any easier. The DXY needs a clear move up to 96 ish to attract follow-up buyers.
This european morning we had crazy german PPI numbers showing inflationary pressures:
With the comparatively more dovish Lagarde in the back the Euro is poised to underperform against the Dollar driven by Powell who is at least expected to raise interest rates in the near future, maybe already in march (Central Bank Calender 2022).
EURUSD should be capped by the 50 ema (1.1376) for now. Anyway the pair is in a corrective uptrend indicated by the green ascending support line. I will keep my hands off the euro for now.
USDCHF on the other hand could be tradable. The currency pair is still trading below its 200 dma (0.9164), the mid Bollinger band (0.9169) and the former green ascending trend line coming in around 0.9172 today. Thus the stop zone for shorts is well defined.
Good luck,
Sebbo