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USD/CHF Signal - USD New Home Sales - 23 Jun 2020

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Signal Details
Entry Price: 
0.9469
Take Profit: 
0.9445
Stop Loss: 
0.9495
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USD/CHF is trading around 0.9469 today prior to the USD New Home Sales Data release. The new home sales data gives an insight into the health of the US housing market. Technically the pair has broken below the 0.9495 pivot, and has broken the previous 1H lows. We anticipate further downside into the 0.9445 level.

Submitted by Toni H. on Tue, 23 Jun 2020 00:30:46 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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