EXNESS - Analytics

    EXNESS

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    USDCHF: consolidation below the 0.9752 level

    Buy on a level breakthrough of 0.9752 with 0.9818 target. Stop loss = 0.9702. 

    Reason for the trading strategy

    Today, it is worth paying attention to the publication of the retail sales in the US. The 0.1% (m/m) growth in this index, expected in January, may support the world's reserve currency. Yesterday it was supported by the statistics on the number of initial jobless claims in the US, which, by February 6 decreased by 26 thousand to 269 thousand.

    USDCHF, H1


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