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USD/CHF Signal - CHF Zew Survey - 31 Mar 2021

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Signal Details
Entry Price: 
0.9439
Take Profit: 
0.9395
Stop Loss: 
0.9480
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF has exhausted to the upside prior to the CHF Zew Survey data release, which presents business conditions, employment conditions and other elements affecting the day to day running of a business in Switzerland. Technically the pair is over extended to the upside and below the 0.9450 level, and we anticipate downside into 0.93950.

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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.