EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation before the publication of the ZEW economic expectations index in Switzerland

    Buy on a level breakthrough of 1.0170 with 1.0220 target. Stop loss = 1.0120.

    Reason for the trading strategy

    The ZEW economic expectations index in Switzerland will be published today. The growth of the terrorist threat in the EU could have a negative impact on the business climate and put pressure on the EU currencies. At a level breakthrough of 1.0170, opening long positions for the USD/CHF pair is worth considering.

    USDCHF, H1

    USDCHF


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