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USD/CHF - CHF Unemployment Rate - 9 Apr 2021

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Signal Details
Entry Price: 
0.9241
Take Profit: 
0.9290
Stop Loss: 
0.9200
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF has traded into a key support level prior to the CHF Unemployment data, which shows the number of people unable to find employment in Switzerland. Technically the pair is trading above the 0.9300 pivot level, and the PPO has turned bullish and also given bullish divergence, signalling possible upside. We anticipate upside into the 0.9290 level.

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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.