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USD/CHF Signal - USD ISM Services PMI - 6 Jul 2021

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Signal Details
Entry Price: 
0.9219
Take Profit: 
0.9155
Stop Loss: 
0.9270
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF is trading to the downside prior to the USD ISM Services PMI data, which is set to show a minor decrease to 63.5 points. Technically the pair has broken the ascending trendline and is now in a corrective pattern, and we anticipate a downside movement into the 161% fibo extension at 0.91550.

Submitted by Toni H. on Tue, 06 Jul 2021 02:43:58 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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