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USD/CHF Signal - USD FOMC Minutes - 7 Apr 2021

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Signal Details
Entry Price: 
0.93129
Take Profit: 
0.9370
Stop Loss: 
0.9270
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF is finding support today at the 0.9300 pivot prior to the FOMC Minutes. The FOMC determines the appropriate stance of monetary policy and assesses the risks to its long-run goals of price stability and sustainable economic growth, and their minutes provide a clear path forward for rate decisions & policy.
Technically the pair is holding above the 0.9300 pivot and the PPO has given bullish divergence and we anticipate a move to the upside into the 0.9370 level.

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USD/CHF Signal - USD FOMC Minutes - 7 Apr 2021
Submitted by Toni H. on Wed, 07 Apr 2021 00:49:29 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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