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USD/CHF Signal - USD 3 Month Bill Auction - 8 Feb 2021

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Signal Details
Entry Price: 
0.8998
Take Profit: 
0.9035
Stop Loss: 
0.8950
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF is trending to the upside prior to the USD 3 Month Bill Auction, which is the average yield on the bills auctioned by US Department of Treasury. Technically the pair is above the 100 moving average and the 0.8980 pivot level, and we anticipate continued upside into the 0.9035 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.