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USD/CHF Signal - USD Fed Speech - 10 Nov 2020

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Signal Details
Entry Price: 
0.91195
Take Profit: 
0.90280
Stop Loss: 
0.91667
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (1 vote)

USDCHF has exhausted its upside move (1h RSI) prior to the USD Fed Brainard Speech. Brainard took office as a member of the Board of Governors of the Federal Reserve System on June 16, 2014, and his speech will likely include insight into US economy and Fed outlook. Technically the pair is around the 61.8% fibonacci level and oversold on the 1h RSI.

Submitted by Toni H. on Tue, 10 Nov 2020 04:26:22 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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