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USD/SGD Signal - USD Initial Jobless Claims - 11 Feb 2021

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Signal Details
Entry Price: 
1.3269
Take Profit: 
1.3305
Stop Loss: 
1.3220
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDSGD is trading to the upside today having found support prior to the USD Initial jobless claims data, which is a measure of the number of people filing first-time claims for state unemployment insurance. Technically the pair is now trading above the moving averages and we anticipate upside into the 1.3305 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.