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USD/CHF Signal - USD FOMC Minutes - 19 May 2021

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Signal Details
Entry Price: 
0.8970
Take Profit: 
0.8935
Stop Loss: 
0.9002
Direction: 
Sell
How we trade
Average: 3.8 (4 votes)

USDCHF is trending to the downside currently ahead of the FOMC minutes, which is usually published three weeks after the day of the policy decision, and gives insight into the board members opinions. Technically the pair is holding below the 0.89880 pivots and in a bearish flag, and we anticipate a continuation to the downside level at 0.89350.

Submitted by Toni H. on Wed, 19 May 2021 04:29:33 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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