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USD/CHF Signal - USD Producer Price Index ex Food & Energy (YoY)(Nov) - 11 Dec 2020

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Signal Details
Entry Price: 
0.8858
Take Profit: 
0.8820
Stop Loss: 
0.8900
Direction: 
Sell
Result: 
Loss
How we trade
Average: 5 (2 votes)

USD/CHF is trading to the downside today prior to USD Producer Price Index ex Food & Energy (YoY)(Nov) . The Producer Price Index ex Food & energy released by the Bureau of Labor statistics, Department of Labor measures the average changes in prices in primary markets of the US by producers of commodities in all states of processing. Those volatile products such as food and energy are excluded in order to capture an accurate calculation. Technically the pair is trading below the 50 moving average, and we anticipate further downside on the USD/CHF
into the 0.8820 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.