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USD/CHF Signal - USD Initial Jobless Claims - 10 Jun 2021

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Signal Details
Entry Price: 
0.8959
Take Profit: 
0.8905
Stop Loss: 
0.8990
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF is trending to the downside prior to the USD Initial Jobless Claims data, which shows the number of people applying for unemployment benefits for the first time. Technically the pair has formed a double top prior to the trendline and we anticipate the pair to have continued downside into the 0.89050 level.

Submitted by Toni H. on Thu, 10 Jun 2021 05:49:53 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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