USD/CHF Signal - CHF CPI Data - 5 Jan 2021

Signal Details

Entry Price:

0.8812

Take Profit:

0.8760

Stop Loss:

0.8845

Direction:

Sell

How we trade

USDCHF is trending to the downside as the CHF appreciates prior the Swiss CPI data. The consumer price index measures the change in prices across a representative basket of goods and services, with a positive reading bullish for the CHF and a negative reading bearish. Technically the pair is finding resistance around the 50 moving average , and the 0.883 pivot lies just above price. We anticipate further downside into 0.8760.

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Submitted by Toni H. on Tue, 05 Jan 2021 01:44:19 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.

USD/CHF Signal - CHF CPI Data - 5 Jan 2021

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