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USD/CHF Signal - CHF Unemployment Rate - 7 May 2021

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Signal Details
Entry Price: 
0.9078
Take Profit: 
0.9130
Stop Loss: 
0.9050
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF has formed a corrective pattern prior to the CHF Unemployment rate data later today. Technically the pair is holding in a corrective pattern, and is above the 0.9070 pivot level. The PPO is also giving bullish divergence, and we anticipate upside into the 0.9130 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.