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USD/CHF Signal - USD Consumer Confidence - 25 Aug 2020

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Signal Details
Entry Price: 
0.9097
Take Profit: 
0.9160
Stop Loss: 
0.9075
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USD/CHF is trending sideways prior to USD consumer confidence data. Consumer confidence data reflects the level of confidence individuals have in economic activity within the U.S. USDCHF is currently testing the 1hr 200sma as support. We anticipate upside on this pair into the 0.916 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.