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USD/CHF Signal - USD Retail Sales Data - 15 Apr 2021

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Signal Details
Entry Price: 
0.92360
Take Profit: 
0.92050
Stop Loss: 
0.9260
Direction: 
Sell
How we trade
Average: 5 (1 vote)

USDCHF has reached a resistance zone and trendline prior to the USD Retail Sales Data, which measures the receipts for retail stores in the USA. Technically the pair is at the resistance trendline, a key support / resistance level, and the PPO is showing bearish divergence. We anticipate downside on this pair into the 0.92050 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.