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USD/CHF Signal - USD Redbook Index - 21 Sep 2021

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Signal Details
Entry Price: 
0.9278
Take Profit: 
0.9330
Stop Loss: 
0.9230
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCHF is trending to the upside prior to the USD Redbook Index data, which is a sales weighted measurement of over 9000+ retail stores. Technically the pair has pulled back into structure and fibonacci support at the 0.382% level and we anticipate a bounce from here into recent highs.

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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.