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USD/CHF Signal - USD Redbook Index - 11 May 2021

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Signal Details
Entry Price: 
0.9003
Take Profit: 
0.9060
Stop Loss: 
0.8970
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF has reached a monthly pivot level as support today prior to the USD Redbook Index data, which is a sales weighted measurement for US retail stores. Technically the pair is at a monthly key level, and the PPO is giving bullish divergence in a bullish cross. We anticipate upside into the 0.9060 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.