EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation before the publication of the US GDP

    Buy on a level breakthrough of 1.0220 with 1.0280 target. Stop loss = 1.0170.

    Reason for the trading strategy

    Today, the second estimate of the US GDP for Q3 2015 will be published. If it is revised upwards from 1.5% to 2%, the USD/CHF pair will consolidate above the level of 1.0220. Some of the market participants use its current decline to open long positions.

    USDCHF, H4

    USDCHF


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