EXNESS - Analytics


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    USDCHF: consolidation near the yearly high

    Sell on a level breakthrough of 1.0016 with 0.9966 target. Stop loss = 1.0066.

    Reason for the trading strategy

    After the USD/CHF pair retested its yearly high, market participants record a profit on it again. Against the background of a lack of any significant macroeconomic statistics on the US and Switzerland today, market participants might try to play on the fall in the value of the US dollar.

    USDCHF, H1


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