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USD/CHF Signal - USD Retail Sales - 17 Nov 2020

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Signal Details
Entry Price: 
0.91219
Take Profit: 
0.8995
Stop Loss: 
0.9161
Direction: 
Sell
Result: 
Profit
How we trade
Average: 5 (1 vote)

USD/CHF is trending to the downside today prior to the USD Retail Sales Data. The Retail Sales ex Autos released by the US Census Bureau is a monthly data that shows all goods sold by retailers based on a sampling of retail stores of different types and sizes except the automobile sector. We anticipate further downside on the pair. Technically it has rebounded out of resistance, and we are looking for downside to 0.8995.

Submitted by Toni H. on Mon, 16 Nov 2020 21:34:40 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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