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USD/CHF SIGNAL - USD Producer Price Index - 14 Oct 2020

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Signal Details
Entry Price: 
0.9152
Take Profit: 
0.9080
Stop Loss: 
0.9200
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF has pushed to the upside prior to the USD Producer Price Index Data. The data measures the average changes in prices in primary markets of the US by producers of commodities. Technically the pair is trading below the 0.9158 pivot and the trendline but above the 1h 50 moving average. We anticipate downside on the pair into the 0.9080 level.

Submitted by Toni H. on Tue, 13 Oct 2020 23:19:15 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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