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    USDCHF: consolidation after publication of the unemployment rate in Switzerland

    Sell on a level breakthrough of 0.9821 with 0.9750 target. Stop loss = 0.9871.

    Reason for the trading strategy

    The unemployment rate in Switzerland stayed unchanged at 3.4% in January. The figure is expected to grow to 3.5%. The data, which was better than expected, could support the franc. At a breakthrough of the 0.9821 level, opening short positions for the USDCHF pair is worth considering.

    USDCHF, H4

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