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USD/CHF Signal - USD 10 Year Note Auction - 12 Jul 2021

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Signal Details
Entry Price: 
0.9136
Take Profit: 
0.9050
Stop Loss: 
0.9182
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF is trending to the downside today prior to the USD 10 year Note Auction, which reveals the yield on the ten year note. Technically the pair has broken support trendline and zone, and is now below the moving average ribbon. We anticipate continued downside into the 0.9050 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.