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USD/CHF Signal - USD Redbook Index - 31 Aug 2021

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Signal Details
Entry Price: 
0.9171
Take Profit: 
0.9120
Stop Loss: 
0.9220
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF has traded into trendline resistance prior to the USD Redbook Index Data, which is a sales weighted year-over-year same-store sales growth in a sample of large US general merchandise retailers representing about 9.000 stores. Technically the pair has rebounded from support and the USD is currently quite choppy. We anticipate downwards pressure from here.

Submitted by Toni H. on Tue, 31 Aug 2021 00:00:05 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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