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USD/CHF Signal - USD Presidential election - 5 Nov 2020

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Signal Details
Entry Price: 
0.9100
Take Profit: 
0.9059
Stop Loss: 
0.9132
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (2 votes)

USDCHF is trending to the downside today as the election slowly draws to a close, with Biden leading. A Biden win means a likely tax increase for many Americans so flows into safe havens such as CHF are a natural response. Technically the pair has broken the support trendline and is below the 1h 50 moving average. We anticipate downside into 0.9059

Submitted by Toni H. on Wed, 04 Nov 2020 22:17:23 GMT

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.

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