| Trade Idea USD/CHF intraday: bullish bias above 0.93 |
Pivot: 0.93.
Our Preference: LONG positions @ 0.931 with 0.937 & 0.94 as next targets. Alternative scenario: The downside penetration of 0.93 will call for 0.9275 & 0.9245. Comment: the pair remains on the upside. |
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After its recent sharp slide, USD/CHF was relatively quiet last week, as the Swiss franc recorded slight gains against the greenback. The upcoming week has three releases.
The pair was relatively stable, as key US releases were mixed. Existing Home Sales was well above the market estimate, but Unemployment Claims came in higher than the forecast.
Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id
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