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USD/CHF Signal - USD Building Permits - 21 Jan 2021

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Signal Details
Entry Price: 
0.8892
Take Profit: 
0.8757
Stop Loss: 
0.8937
Direction: 
Sell
How we trade
Average: 4.5 (2 votes)

USDCHF has ranged for a number of days now prior to the USD Building permits data, a measure of the number of permits for new construction projects. Technically the pair has rejected resistance at 0.8919 and broken the ascending trendline, and we anticipate further downside into the 0.8757 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.