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USD/CHF Signal - USD Retail Sales - 16 Dec 2020

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Signal Details
Entry Price: 
0.8852
Take Profit: 
0.8830
Stop Loss: 
0.8870
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (2 votes)

USDCHF is trending to the downside today prior to the USD Retail Sales data release. The data measures the total receipts of retail stores and is expected to fall this month, following months of disappointing economic data out of the USA. Technically the pair is below the 0.8870 pivot and 50 moving average and we anticipate further downside into the 0.8830 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.