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USD/CHF Signal - USD Fed Rate Decision - 22 Sep 2021

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Signal Details
Entry Price: 
0.92355
Take Profit: 
0.9330
Stop Loss: 
0.9190
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF has traded into support prior to the US Fed Rate decision, which decides the rates in the USA. Technically the pair is at 61.8% fibo support and previous structure, and we anticipate a bounce from this level back into recent highs at the 0.9330 level. The RSI has given an overextended signal, and the bullish structure remains intact.

Submitted by Toni H. on Wed, 22 Sep 2021 00:29:20 GMT

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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.

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