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USD/CHF Signal - USD Initial Jobless Claims - 12 May 2021

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Signal Details
Entry Price: 
0.9084
Take Profit: 
0.9010
Stop Loss: 
0.91240
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF is at resistance prior to the USD initial jobless claims data, which shows the number of people applying for unemployment benefits for the first time in the USA. Technically the pair is at trendline resistance, structure resistance, and the PPO has given a bearish cross signal. We anticipate downside into the 0.9010 level.

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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.