Buy on a level breakthrough of 0.9977 with 1.0050 target. Stop loss = 0.9927.
Reason for the trading strategy
Last week, the number of initial jobless claims in the US rose from 260 thousand to 276 thousand. Despite the weak US statistics, the USD/CHF pair continued to consolidate around the 0.9977 level, breakthrough of which will serve as a signal for opening long positions in the pair.