EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation below the level of 0.9648

    Buy on a level breakthrough of 0.9648 with 0.9700 target. Stop loss = 0.9598.

    Reason for the trading strategy

    Once the EU allocated bridge loan to Greece, the demand for protective franc fell sharply. Since mid-July, the EUR/CHF pair grew from 1,045 to 1,065, and the USD/CHF pair grew from 0,945 to 0.9625. In the short term, the USD/CHF pair could break through the upper limit of the range of 0,9528-0,9648.
     

    USDCHF, H1

    USDCHF


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