Buy on a level breakthrough of 0.9668 with 1.0040 target. Stop loss = 0.9618.
Reason for the trading strategy
The total producer price index and import prices in Switzerland fell by 0.4% in January (m/m) with a forecast of a 0.2% (m/m) decline. The decline in inflationary pressures in the country increases the likelihood of a reduction in the key deposit rate in Switzerland.